Re: Incoming bank transfer in customer account

Hello Govind

You can create a Bank Payment Advice to record an incoming wire or bank transfer for the customer

Liquidity Management >> Common Task >> New Bank Payment Advice

Advice Type = Bank Credit Advice

There is a check box "Posting Advice" - put a check in this box to create the GL Posting and this payment will appear as Incoming Bank Transfer on the Bank Statement for clearing.

Bank Payment advices are used when items are not captured automatically by the integrated repositories. A cash manager can manually enter information received from the company’s bank in the form of bank payment advices. Based on the information received from the bank, the cash manager can enter the advice with or without a posting to accounting. If no posting is made in accounting, the advices are shown in both the cash position and in the liquidity forecast

Hope this helps.

Thanks

Parveen Kumar