Financial postings for receipts

Receipts ( Accounts Receivable)

The following sections describe the financial postings created for the various steps of a receipt process.

Various posting details are indicated as follows:

  • If no journal

    LN creates the posting if the Post in case of Journal check box is cleared in the Posting Data by Bank/Payment Method (tfcmg0146s000) session.

  • Fixed entry

    LN generates the entry. You cannot change fixed entries.

  • from ...

    Indicates whether LN retrieves the ledger account from the financial business partner group or from the Posting Data by Bank/Payment Method (tfcmg0146s000) session.

Receipts through direct debitsFor each step, LN creates the following posting:

  • Document Sent to Customer

    Not applicable.

  • Document Accepted by Cust

    Not applicable.

  • Document Sent to Bank

    • Anticipated receipts from Posting Data by Bank/Payment Method. The actually paid amount is posted.
    • To anticipated customer receipts, from financial business partner group (If no journal)

  • Document Paid

    • Anticipated customer receipts, from financial business partner group (If no journal)
    • To anticipated customer receipts from Posting Data by Bank/Payment Method. The actually paid amount is posted.
    • Bank (Fixed entry)
    • To the Accounts Payable control account (Fixed entry)

Receipts through checksFor each step, LN creates the following posting:

  • Document Sent to Customer

    Not applicable.

  • Document Accepted by Cust

    • Received checks. The ledger account is manually entered. The actually paid amount is posted.
    • To anticipated receipts, from financial business partner group (If no journal)

  • Document Sent to Bank

    • Anticipated receipts from Posting Data by Bank/Payment Method. The actually paid amount is posted.
    • To received checks. The ledger account is manually entered. The actually paid amount is posted.

  • Document Paid

    • Anticipated customer receipts, from financial business partner group (If no journal)
    • To anticipated receipts from Posting Data by Bank/Payment Method. The actually paid amount is posted.
    • Bank (Fixed entry)
    • To the Accounts Payable control account (Fixed entry)