SAP ERP Financials and FICO Handbook

7.4 LOCKBOX CONFIGURATION 271
For outgoing payment:
Debit Outgoing clearing account
Credit Bank main account
When the company passes these entries, the main bank account balance
will agree with the bank balance as per bank.
To carry out automatic/manual bank reconciliation, you need to configure
the following steps:
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Create Account Symbol (OT53): In this step, you will create
various IDs for banking transactions, such as the following:
(1) CI—Check Issues, (2) CR—Check Receipts, (3) BD—Bank
Debits, (4) BC—Bank Credits, and (5) BM—Bank Main Accounts.
Assign Account to Account Symbol (OT53): In this step, you
will assign G/L accounts to account symbols.
Create Keys for Posting Rule (OT53): In this step, you will
create posting rules and IDs.
Define Posting Rules (OT53): In this step, you will assign
posting keys, account symbols, document types, and posting
types to posting rules.
Define Variant for Manual Bank Statement (OT43): In
this step, you will define a screen variant for data entry for bank
reconciliation.
Using transaction code FF67 from the application menu, you can input
data for manual bank reconciliation statements. You can upload a BAI file for
electronic bank statements through T-code FF.5.
7.4 LOCKBOX CONFIGURATION
A lockbox is an arrangement with a bank under which payments are mailed to a
strategically located post office box that is serviced by the bank. The bank picks
up the payments from the post office several times a day and accelerates the
processing of the checks to make funds available to the customer. Lockboxes
enhance the security and control of funds and can reduce workloads in customer
service offices.