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Chapter 14 ■ Defining FI Accounts Receivable and Accounts Payable
Defining Accounts for Bank Charges (Vendor)
Bank Charges (Vendor) are incidental expenses arising from a business transaction with business partners
and are posted to an expense account in FI. In this exercise you will define an account for your bank charges
and assign it to an expense account. This will allow the system to automatically post these expenses to a
bank charges account, which is an expense account.
■■Note
you created a bank charges account in Chapter 9, so you don’t need to create another one here.
You can use the bank charges account you created previously to do automatic posting in this exercise.
To define accounts for bank charges (vendor), follow this menu path: IMG: Financial Accounting (New)
➤ Account Receivable and Accounts Payable ➤ Business Transaction ➤ Outgoing Payments ➤ Outgoing
Payments Global Settings ➤ Define Accounts for Bank Charges (Vendor). Or use transaction code OBXK.
The Configuration Accounting Maintain: Automatic Posts - Procedures screen is displayed. This screen
contains a list of procedures including bank charges you can choose from. Double-click Bank Charges from
the list of the displayed procedures (Figure 14-16).
Figure 14-16. The initial screen for specifying bank posting and bank charges
The Enter Chart of Accounts dialog box pops up. Enter your chart of accounts (CA90) in the Chart
of Accounts field and click the Enter button on the bottom-right side of the screen. The Configuration
Accounting Maintain: Automatic Posts - Rules screen is displayed, which is where you specify the rules for
your bank charges account. You are not specifying any rules for your bank charges, therefore, click the Save
button at the top of the screen to go to Configuration Accounting Maintain: Automatic Posts - Accounts
screen. This is where you assign an account to the bank charges for automatic posting. Enter the G/L
Account – Bank Charges 470100 (created in Chapter 9) in the Account field and click the Enter button on
the top-left side of the screen to confirm. Save your efforts.
In the next exercise, you will define payment block reasons, which are used to specify the reason for
blocking an invoice from being paid. Normally, the system will request the reason why you want to block an
invoice from payment. There are several reasons for blocking invoices from being paid in practice, but we
will be looking only at some and then define payment block reasons in the system.
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