Create Cash Transactions using Bank Statement Information

Explanation

Using this activity, you can create cash transactions in the system based on the information on the bank statement. These information can be the cash account, currency code, currency rate, amount, bank transaction code, customer Id or supplier Id etc., Information such as customer Id or supplier Id will be transferred even if the identity specified does not exist in the system.

You can create transactions of type customer payments, supplier payments, direct cash payments and bank fee payments. Once you create the transaction, to match it with a bank statement transaction the information in the Automatic Transaction Matching window should be refreshed.

Prerequisites

Bank statement transactions should exist.

System Effects

A cash transaction of the type you selected will be created in the system using the information in the bank statement transaction.

Window

Automatic Transaction Matching

Related Window Descriptions

Automatic Transaction Matching

Procedure

1. Open the Automatic Transaction Matching dialog box from the IFS Applications Navigator.
2. Enter the cash account and reconciliation date. Payment institute and period will be fetched by the system.
3. Click OK. The Automatic Transaction Matching window will display all transactions that have not been matched/finally matched up until the reconciliation date. You will find cashbook transactions on the upper section and the bank statement transactions on the lower section of the table.
4. Select a bank statement transaction from the bottom table, right-click, and select Create Transaction.
5. In the Transaction Type dialog box which opens, select the type of transaction you want to create. Click OK to confirm the selection.
6. The Mixed Payment window will be displayed. Enter the transaction information in the window as required and save the information.