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Former Member
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i have receive cheque from customer, we r senting to bank clearance pupose. if user forgetting manually entry which transaction is effect.and how do u find out cheque is clearing and not clearing accounts which is effecting and account balance sheet showing double balance.( rong balance) .

This purpose how many accounts maintained like bank, cheque receivable, cheque payable....

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Answers (1)

Former Member
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Vekat,

This is a process issue. Once a check is received, it is the responsibility of the Accts receivable guy to make sure that an entry has been posted before the check is sent to the bank for clearance.

Periodically he has to cross check the bank statement if all check deposits have been accounted for with reference to any open item.

Normally, in SAP, a main bank account and 2 clearing accounts (one for check receivables and the other for payables) would be maintained. On check receipt, the receivable clearing account would be debited. Once the check gets cleared at the bank, the main bank account would be debited and the clearing account would be credited.

Should you have any questions, please revert.

Regards,

Mike