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Gujarat Glass FI Blueprint

Gujarat Glass FI Blueprint

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Published by Anil Kumar Sripati
it is a nice blue print
it is a nice blue print

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Categories:Topics, Art & Design
Published by: Anil Kumar Sripati on Dec 06, 2011
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02/12/2015

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Requirement and Expectation

There is need for accounting of all bank related transactions like, vendor payment, customer receipt
and any other payments and receipts through bank. On regular basis bank account is reconciled

with bank statement and reconciliation differences are shown to match both the balances

SAP ECC 6.0 Business Blueprint for
GGPL Financial Accounting

Hewlett-Packard
- confidential -

Page 153 of 157

Business Mapping to R3

SAP bank accounting application helps in posting transaction for funds transfer between the banks,

and for doing bank reconciliation

And also Bank Account will impact based on the Receipt from customer or payment to vendor.

Cheque Management Process

This function is used to enter checks you receive. After the input is complete, you can access the

additional functions to further process the entered checks (see Entering Incoming Checks).

Normal bank payment transactions are happening through Accounts Payable Model.

Manual Bank Reconciliation

There are basically two steps in this method:

First, in the transfer-posting screen under G/L, the users retrieve the open items under incoming bank
clearing account and select them if they appear on the deposit column of the statement. The open
items can be sorted by date to ease matching. Upon completion, post them against the main bank

account. The system will generate the accounting entries like the followings:

Dr Main bank

Cr bank incoming clearing

Second, in the transfer-posting screen under G/L, the users retrieve the open items under outgoing
bank clearing account and select them if they appear on the withdrawal column of the statement.
The open items can be sorted by date to ease matching. Upon completion, post them against the

main bank account. The system will generate the accounting entries like the following:

Dr bank outgoing clearing

Cr main bank

Description of Improvement

Reconciliation can be done as often as you get the bank statement and will ensure that data is

captured on time. This will also automatically match the bank statement and bank account

It is very obvious that the balance in the bank clearing account is the not reconciled.

SAP ECC 6.0 Business Blueprint for
GGPL Financial Accounting

Hewlett-Packard
- confidential -

Page 154 of 157

Special configuration consideration

No special configuration required.

Description of Functional Deficit

No deficits

Approaches to covering Functional Deficit

Not Applicable

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