Additional Process Information 

This demo shows how you can effectively process incoming checks. You can enter and save all the important information, then print this out as a check deposit list, which you can later sign and give to your bank as an accompanying document.

The standard account assignment is made using the incoming checks and check clearing accounts. This IDES process runs as follows:

  1. A customer receives 3 invoices. The open items are entered in the customer‘s account.
  2. A few days later, the customer sends two checks. The first check pays two invoices. The second check pays the remaining invoice.
  3. The check deposit generates two sessions, one for the general ledger, and one for the subsidiary ledger.

When you run the subsidiary ledger session, the R/3 System clears the open items for the customer. The general ledger session generates an open item on the incoming check account, which is cleared with the account statement on the following day.

Check deposits are especially suitable for large volumes of checks, in particular when different people are responsible for the open item clearance in the general ledger and subsidiary ledger.