Advance via Financial Accounting

[Former Member]

Hi All,

I just want to understand the process of doing the advance settlements via financial accounting.

I have found several posts for the same.

http://scn.sap.com/thread/1905728

But what I would like to know is do I need to run settlements programs. Basically how do i test the posting?

Once the employee raises the request,advances are entered and approvals are sought. Then do we need to run PREC,PRRW??? How do i test the scenario.

Appreciate any help

[Former Member · Accepted solution]

Hi,

Run the transaction PRRW then create posting Run with PRFI.

Make sure GL is mapped to the cost elements.

with regards,

Gopala

[Former Member · Accepted solution]

Hi Gopala,

I want to understand what actually happens when we do this method.

How is employee given the advance?

[Former Member · Accepted solution]

Hi ,

Each travel expense or Advance is Mapped to Wage types

Wage types are mapped to symbolic account.

Symbolic account is Mapped to General ledger.

PRRI you can create simulation like payroll

PRRW you can view document with status.

with regards,

Gopala

[Former Member]

Also, in terms of trip status what happens? And does posting via financial accounting mean payment is done to the bank where employee holds an account?