Making Deposits
Banking > Deposits > Deposit
- Select the Checks Tab to post a check to a deposit
- SAP will list all the checks that are not yet deposited
- Highlight the checks you want to deposit
- Enter the G/L account number into the Bank Account Field
Internal Reconciliation
Define Bank
Administration > Banking > Banks
- Bank Country
- Bank Code
- SWIFT Code
House Bank Accounts
- Branch
- Account Number
- Next Check Number
- GL Account Number
- The rest of the fields are optional
Linking House Banks
BP > Payment Terms Tab > Select Bank List > Select Bank
- Complete Account Number
- Complete Branch No
Bank Definitions are required for:
- Outgoing Payment by Check
- Checks for Payment
- Incoming Payments
- Payment Wizard
Incoming Payments:
Business Partner > Master Record > Payment Terms Tab > Confirm Bank Details are set up
Banking > Incoming Payments > Incoming Payments
- Select Customer
- Choose Payment Means
- Check Tab
- Bank Definitions have been pre-populated
Incoming Payment via Credit Card
- Must define Credit Card Brands
- Administration > Set Up > Banking > Define Credit Cards
- Name = Brand Name (Visa, Mastercard)
- GL Account Number = for journal entries
- ID = Credit Card Company Identifier Number
- Administration > Set Up > Banking > Define Credit Cards
- Must define Credit Card Payments
- Administration > Set Up > Banking > Define Credit Card Payment
- Code = 30
- Name = After 30 Days
- Payment After = Transfers CC Payments on a Fixed Due Date (paid by customers)
- Voucher Date of Receipt
- Define interverals of receiving vouchers
- 1-10th = 15
- 11-20 = 15 Days and 1 month
- 21- 31 = 15th Day, 2 months after payment
- Define interverals of receiving vouchers
- Administration > Set Up > Banking > Define Credit Card Payment
- Must define Payment Methods
- Administration > Set Up > Banking > Define Credit Card Payments
- Payment methods to customers
- Name = Payments with Restriction
- Card = the Brand
- Payment Code = Payment Method previously defined
- Min. Credit Voucher = the minimum credit voucher that can be accepted
- Min. Payment = the minimum payment accepted
- Without Approval = the amount of payment that can be made without approval
- Payments
- No – do not allow payment installments
- Yes – too allow to divide payments
- Credits – an agreement with the Credit Card company to receive the payment in full, but the credit card company charges the customer in installments
- Administration > Set Up > Banking > Define Credit Card Payments
Define Deposit Methods:
Administration > System Initialization > General Settings > Sales Tab
- Submit Credit Voucher Field
- Select deposit method of credit card vouchers
- Manually – if you use a credit card machine manually
- Automatic – if connected to the Credit Card Company online
- Select deposit method of credit card vouchers
- Customer Credit Card Details
- To record the customers primary credit card used by your customer
- Business Partners > Business Partner Master Data > Payment Terms Tab
Entering an A/R Payment
Check Payment: Banking > Incoming Payments > Incoming Payment Document
- Enter Customer Info
- Check the Invoices, the payment is covering
- If Partial Payment, change the amount in the “Total Payment” Field to match the payment received amount
- Choose Payment Means
- Choose Tab for Payment Means
- Enter Amount of Payment
- Enter Check Number
- OK
- If Partial Payment, make note in the Remarks field
- Add
- Choose Tab for Payment Means
A/R Bank Transfer
Banking > Incoming Payments > Incoming Payment Document
- Enter Customer Info
- Check all items Bank Transfer is covering
- Choose Payment Method
- Choose Bank Transfer Tab
- Enter GL Account
- Enter Received Date of Transfer
- Enter a Reference Number
- Enter Amount
- OK
- Add
A/R Payment on Account:
Banking > Incoming Payments > Incoming Payment Document
- Enter Customer Info
- Can not match payment so we choose “Payment on Account” Check Box and enter an amount
- Choose Payment Means
- Choose Payment Method
- Add Remark
- Add