Clearing Account & Main Account

[Former Member]

Dear Friends,

We have created a new Bank Clearing account and Main Account.Also we had uploaded the Bank Statement for the same try to clear them FEBAN.However when doing so, we find that the entries are going to a different GL account. I had also checked the House Bank configurations and found that the assignments are made according to the requirement.

Please let me know if there could be any other reasons for such mismatch of clearing account to the Main account.

Thanks & regards,

Srini.

[Former Member · Accepted solution]

hi

check your settings for account assignments

and also refer at

http://srilogix.com/casesWhitepapers/Electronic%20Bank%20Statement.pdf

thanks

Srilaskhmi

[Former Member]

Hi Srinivas ,

Check the settings Create and assign the Business Transaction,Here we do -In this step you store an indicator for each business transaction and allocate a posting rule to each business transaction. Several business transactions usually refer to the same posting rule.

Example

To differentiate business transactions, you assign to the "Credit memo, domestic" transaction an indicator different from the one for "Credit memo, foreign" or " Credit memo, rent". Since posting is the same for these transactions, you can allocate all three to one posting rule (credit memo).

Account Modification

As long as no modification key is specified, the posting method directs all postings represented by the posting rule "Credit memo" to a standard account.

In order to direct the "Credit memo, rent" transaction to a different account, create an account modification, "Rent received", for this transaction.

Account determination is then controlled so that the transaction is posted not to the standard account but to the "Rent received" account.

For details on account determination, refer to the section "Define posting rules for manual bank statement".

Actions

1. Assign a transaction key to each business transaction.

2. Allocate a posting rule to each business transaction.

3. Set up an account modification for those transactions that should not be posted to the standard account.

And also check Define Posting keys and posting rules for manula bank statment-here you assign accounts to accounts symbol.

PATH-Financial accounting >Bank Accounting >Business Transaction >Payment Transaction > Manual Bank Statment.

Hope this might help you.

Regards.