How are post-dated checks received as incoming payments handled in FS-CD?

[Former Member]

Hi,

Please advise the processes involved in processing post-dated checks received as incoming payments in FS-CD and the related configuration, if any.

Thanks,

yehey

[former_member185321]

Hi,

The process is as follows;

Use the transaction code FP25, you shall come across the check lot screen with the title " Check Lot Create: Default Entries and status.

Click on "New Items".

Enter the lot name, say for e.g. CheckLot23032013. Enter the details related to search term and additional information if any.

You must define the document type of check payments perhaps assign a different document type for post dated checks. The same document type must be specified in the Check Lot screen.

Punch in the required post date under Posting date field and the document date. As well as the check deposit clearing account and the reconciliation key.

Enter to proceed to the detail screen to enter check payment records like payment amount, check number with the usage text. Selection value can be the corresponding open document.

Then save, close and post the Check lot.

You need to post the check lot by executing the post payment job where there are three options available;

a) Start online

b) Background - Start immediate

c) Background - Scheduled

You can choose the first option by selecting and executing "Start online".

After posting the payment lot, the status is updated. You shall get get a screen displaying the status as "Posting made". And the under Reconcile with General Ledger you shall get the reconciliation key status.

Check the account balance display (transaction code FPL9) screen after the check lot is successfully posted.

The advantages of using the check lot functionality are as follows;

1) Also allows the SAP user to clarify and re-post the incorrect check entries.

2) Helps in reversing the whole check lot in one go, if the whole check lot is found to be incorrect.

3) All the payment documents created in one check lot will share the same reconciliation key.

4) Can be run immediately or scheduled to run at later period while posting the check lot.

5) Multiple payments can be entered and processed in a single check lot.

Thanks,

Sagar

[former_member300246]

Processing Postdated Checks - Payments - SAP Library