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Procedure documentation Entering Bounced Checks Locate the document in its SAP Library structure

Use

In Thailand, when a bank cannot collect a check, proceed as follows to record it in the system. The system clears all the open items associated with the check, and creates a new open item for the bounced check.

Prerequisites

You have already entered the check in the system and have presented it to the bank. Now you have received notification from your bank that the check has not cleared.

Procedure

  1. In the Thailand menu, choose Transactions Posting ® Check Processing.
  2. Enter your company code.
  3. On the Transactions tab, select Cleared at Bank.
  4. On the Selection Criteria tab, enter a collection account (in the Interim Account field), a check portfolio, a currency, and any other data, and choose This graphic is explained in the accompanying text.

    5. A list of checks appears, which is formatted using the Structure linkSAP List Viewer: see this documentation for more information about navigating and formatting options within the list.

  5. Select the checks that the bank has cleared and choose This graphic is explained in the accompanying text.

    6. The Posting Data dialog box appears.

  6. Enter a check portfolio for bounced checks and the special G/L indicator for bounced checks and choose This graphic is explained in the accompanying text.

Result

The system:

The first document clears the check from the customer account (and the special G/L account for postdated checks), and clears the bank subaccount as well:

This graphic is explained in the accompanying text

The second document creates a new open item on the customer account (and the special G/L account for bounced checks), and clears the collection account.

This graphic is explained in the accompanying text

The only open item remaining is the bounced check on the customer account.

If the customer notifies you that it now has enough funds to cover the check, and asks you to present the same check to the bank, you can reverse the bounced check and then present it to the bank once again.

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