Clarification on “Manage Memo Record 2.0” and Bank Account Opening Balance Behavior

[hyik]

Hello Experts,

According to the SAP Help Portal, the “FI – Bank Account Balance (Deprecated)” template has been deprecated, and SAP now recommends using the “Manage Memo Record 2.0” app to import the initial bank account balance.

Ref : FI - Bank account balance (deprecated) | SAP Help Portal

I have tried entering the bank accoount balance using the Manage Memo Record 2.0 app.
After the upload, the amount correctly appears in the Cash Flow Analyzer app for the respective bank account, which indicates the memo record is recognized by the system.

However, when I subsequently created the first bank statement in the system, the amount entered via Manage Memo Record 2.0 does not appear as the opening balance for that bank account in the statement.

Could anyone please clarify:

1. Why the amount recorded via Manage Memo Record 2.0 is not reflected as the opening balance in the first bank statement?

Thank you very much for your guidance and support.

[Chris1973]

Hello @hyik 

Thank you for your question.

Have a look at Manage Memo Records 2.0 for more insights.

In summary, the behaviour you are experiencing when you use Manage Memo Record 2.0, the uploaded amount appears in Cash Flow Analyser but not as the opening balance in your first bank statement is a standard behaviour in public cloud.

Memo records are meant for liquidity forecasting and not for bank reconciliation. The Bank Statement app reads your opening balances only from the statement file or manual entry but not from memo data.

Best practice is to use Manage Memo Records 2.0 for your liquidity planning.

You should include your opening balance directly in the first bank statement upload for reconciliation.

Let me know if you have any questions.

Best regards

Chris

[hyik]

Hi Chris,

[hyik]

Hi Chris,

Good day, and thank you very much for your clear explanation.

Well noted and fully understood. So, to summarize my understanding - the Manage Memo Records 2.0 app is used purely for liquidity planning purposes, and does not affect the bank reconciliation process. Therefore, we still need to use the G/L account balance migration template to update the main G/L account figures, while the opening balance for each bank account should be provided through the first bank statement upload or a manual entry.

Thank you again for your helpful clarification.

Best regards,

HY