Use

As part of the processing and management of outgoing checks, in Check Management in Contract Accounts Receivable and Payable, you can also register the encashment of checks, reconcile the issue data with the encashment data reported by your bank, and clarify doubtful cases. You can use Check Management to do this for the encashment of automatic checks as well as for checks numbered externally or internally (see Check Number Assignment ).

If you use Accounts Receivable Accounting (FI-AR) as well as Contract Accounts Receivable and Payable (FI-CA) , and the checks you issue are always numbered automatically (that is, the check number is the same as the payment document number), you can manage the encashment of outgoing checks in the check clearing account in the general ledger.

If you use internal or external check number assignment as well as automatic number assignment (that is, if the payment document number and the check number are different), you have to carry out the reconciliation in FI-CA.

Activities

In the Implementation Guide for Contract Accounts Receivable and Payable , under  Basic Functions Check Management Define Component for the Reconciliation of Check Encashments , in the field Check Reconciliation , you can determine whether the reconciliation takes place in FI-CA or in the general ledger.