Bank Balance transfer from Legacy to SAP

[Former Member]

Hi,

Can anyone please guide how to move bank balances from legacy to SAP? What about BRS?

Also, how do we handle the cheques that were booked in legacy however they got bounced once the data was moved to SAP?

Please advice.

Thanks,

Sanjay

[Former Member]

Hi,

The bank account in legacy need to be tallied with the bank statement on the last day of the legacy system. The balance of the bank gl thus will be tallied with bank statement on the first day & the reconciliation will start from the transaction from the first day.

For bounced cheque you can enter a normal entry to subaccount. As this entry will be in the bank statement, will not have any issue in reconciliation.

Regards

Milind Sonalkar

[Former Member]

Would it be a normal JV entry? For eg if I had received some money from a Customer in legacy and if the cheque got bounced then in SAP entry would be

Customer a/c Dr

Bank a/c Cr

Whether my understanding is correct?

Regards,

Sanjay