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Loan Posting to personal accounts

former_member538867
Participant
0 Kudos

Dear consultants,

My client wants loans given to the employees to be posted in their personal GL accounts, say PN001234. where 1234 is employee's personnel number. And entries of subsequent repayments to be made in the same GL so that at any time the outstanding loans can be seen by referring to that account.

May I know how to Create such GL accounts (the number would be as high as the no of employees). What should be type of Symbolic account to be used? how these accounts are to be linked with the personnel numbers? Any other information about such type of accounts.

Regards

Bindumadhav

9869028264

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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Hi... you have few alternatives. 1. Employee Vendor account as our colleagues have suggested or 2. Create a cost center for every employee who gets a loan. you can post all the wagetypes through the cost center so that there will be a track. But then, you need to assign this cost center in IT 27 before processing.

A report on every cost center would give you details on how much loan amount was posted for every employee..

Answers (3)

Answers (3)

Former Member
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Hi,

You can create the GL account via transaction FS00.

Make sure that rane is ther e as similalr to the personnel no range .

And try to create the GL account with FICO consultant.

Warm Regards,

Kapil Kaushal

sikindar_a
Active Contributor
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check with ur Controlling consultants FICO

how they are mapping the GL accounts according to that we can map the symbolic accounts

Former Member
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Hi.

Try Employee Vendor...account