Bank charges entry

[nagesh]

Hi,

This is regarding the payment and receipt voucher, where in most time bank charges and interest entry need to be done at the time of payment and receipt.
Currently in case of AP user has to put the bank charges and ineterest entry seperately through the AR module.
Since there is no provsion to enter the bank charges and interest entry in a same bank payment voucher.

Similarly in case of AR transaction bank charges and interest entry are entered later after entering the receipt transaction.

As per my understanding there must be some procedure where in you can enter any charges along with the payment or receipt voucher.
Please let me know the same.

Currently user is entering in below manner.

1 ) Creditor 100 dr
Bank 100 cr

2) Bank Charges 10 dr
Bank ----- 10 cr

Required entry in one voucher
Creditor ------ 100 dr
Bank Charges ----- 10 dr
Bank ---------- 110 cr

version is 11.5.10.2, Please help in this regard, is this possible or not.

Thanks,
Nagesh.

[vvrsankar]

The cheque payment will be only on the name of either creditor or bank.
The parties to whom you have to pay are different for Rs100 and Rs10. You can not club them with single cheque payment. Secondly , the bank statement received from bank shows two separate lines for Rs100 and Rs10. If you have Rs110 against two lines of bank statement BRS will be difficult. The Bank reconciliation will be difficult , Whether Cash Management is implemented or not. Because of practical difficulties and rationality that feature is not there.

If your expected future is there then what can be the supplier name in AP and do you have any invoice for Rs10 payment?

Same is the logic for AR.

[vvrsankar]

If both the payments go to same supplier , then create invoice for Rs10 and for payment Rs110 , attach/ apply these Rs100 and Rs10 invoices

[nagesh]

Hi Sankar,

Thanks for reply.

Nagesh.