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The Bank clearing Sub-accounts ensure that all incoming and outgoi payments are only posted to the bank Main account when the transaction is actually debited /credited in the Bank statement. The entries from the bank sub-accounts to bank main account takes place in SAP when the ba statement receied from the bank is uploaded in SAP. Accounting Entries – Outgoing Payment Made !endor Account "r Bank #learing Account #r Accounting Entries – Post Bank Reconciliation Bank #learing Account "r Bank Main Account #r Accounting Entries – Incoming Payment Received Bank #learing Account "r #ustomer Account #r Accounting Entries – Post Bank Reconciliation Bank #learing Account #r Bank Main Account "r Accounting Entries (Bank Charges) – Bank Reconciliation Bank #harges Account "r Bank Main Account #r

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BANK ENTRIES

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The Bank clearing Sub-accounts ensure that all incoming and outgoing payments are only posted to the bank Main account when the transaction is actually debited /credited in the Bank statement. The entries from the bank sub-accounts to bank main account takes place in SAP when the bank statement received from the bank is uploaded in SAP.

Accounting Entries Outgoing Payment Made

Vendor AccountDrBank Clearing AccountCr

Accounting Entries Post Bank Reconciliation

Bank Clearing AccountDrBank Main AccountCr

Accounting Entries Incoming Payment ReceivedBank Clearing AccountDrCustomer AccountCr

Accounting Entries Post Bank ReconciliationBank Clearing AccountCrBank Main AccountDr

Accounting Entries (Bank Charges) Bank ReconciliationBank Charges AccountDrBank Main AccountCr


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