Cash Journal query........

[Former Member]

Hi ,

I have a query related to Cash Journal.

In Cash Journal configuration under define business transaction we give GL accounts to different business transactions like cash to bank and cash from bank.

In this business transaction..cash to bank and cash from bank..we assign GL account. What GL accounts should be assigned to these business transaction and how they are linked to our House Bank. Bcoz these transaction related to bank should reconciale with bank account.

Please reply

thanks in advance

[former_member765905 · Accepted solution]

Hi Expert,

In Cash Journal configuration, do the below settings.

In step Create, Change, Delete Business Transactions, just do the below settings.

IF Business Transaction Type C - Receipt from Bank Account - Provide Bank Issues GL Account's

B - Payment to Bank Account - Provide Bank Deposit Account's

In Bank Reconciliation Statement Settings, There we give Marking for Check Issues/Bank Issues

Check Deposits/Bank Deposits

While doing posting we will use the Bank Issues/Deposits GL Accounts, which will update the Bank Main Account at the time Bank Reconciliation Statement.

Regards,

GK

SAP

[Former Member · Accepted solution]

Thanks..

[Former Member]

You can use Only One Intermediate Account to do this type of Transaction.

Like Cash Clearing Account and Use for Withdraw and Deposit.

[srinivasa_maruvada]

Transaction (C) receipt from bank account (Cash from) Bank use outgoing cash GL Account

Transaction (B) cash transfer to bank (Cash to Bank) use incoming cash GL Account

Srinivas

[Muralinag14]

Hi Namita,

Here you have to assign clearing accounts like Payments incoming clearing & Payments outgoing clearing.

Then the accounting entry

Dr Bank incoming account clearing

Cr Cash account

At month end when you run BRS the accounting entry would be

Dr Bank main account

Cr Bank incoming account clearing

Same for outgoing payments.

Rgds

Murali. N

[Former Member]

Thanks .....

[nico_dewaele]

post to intermediate account

bank

to intermediate account

intermediate account

to cash

and vice versa