CHECKS         COLLECTION          SOLUTION         Prepared BySAKR Internal FICO Consultant  Mohamed A. El-Kaream
Introduction• Standard SAP system delivered solution for Checks  under Collection is suitable for other business  scenario...
Main Concepts• The country specific (Greece-Thailand-Turkey)  solution uses terms like:-   Portfolio(s).-   Transfer Accou...
Main Concepts..• Check PortfolioIs like a book/ journal where check transactionsrelated data is kept.• Transfer AccountIs ...
Main Concepts…• Interim AccountIs a temporary suspense GL. Account for the checkamount Presented to the Bank.• Bank Liabil...
Process Flow Diagram& The Possible Available       Scenarios
Scenario.. 11. Record the Payment “Checks in Safe – Portfolio”.      Dr. Customer SGL. In. “C.I.S”      Cr. Customer Accou...
Continue Scenario.. 13. At the Bank     - Cleared     Dr. Bank-Main-Account     Cr. Bank-Deposit-Account     -------------...
Continue Scenario.. 13. At the Bank      - Refused      Reverse the financial entries through the system      either to th...
Scenario.. 2• The same payment procedure.• The same presentation procedure.• If the Check got Refused it will be bounced t...
Continue Scenario.. 2• Now the Check gets Bounced & Cleared.     Dr. Customer     Cr. Bank Bounced Checks
Scenario.. 3• The same payment procedure.• The same presentation procedure.• You move the Check from one Portfolio to anot...
Continue Scenario.. 3- Add to the new PortfolioDr. Bank Liability AccountCr. Old Portfolio--------------------------------...
Continue Scenario.. 3• From here you can carry on with any of the steps  presented previously in the above Scenarios.
THANK YOU              Checks in Safe                Solution         Prepared BySAKR Internal FICO Consultant  Mohamed A....
Checks Collection Solution
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Checks Collection Solution

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This presentation is about the utilization of the SAP Country-Specific solution for Bill of Exchange of Turkey "Turkey Menu".

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Checks Collection Solution

  1. 1. CHECKS COLLECTION SOLUTION Prepared BySAKR Internal FICO Consultant Mohamed A. El-Kaream
  2. 2. Introduction• Standard SAP system delivered solution for Checks under Collection is suitable for other business scenarios other than SAKR’s business scenario required.• SAP system delivers a country specific solution which maps perfectly with SAKR’s business requirements.
  3. 3. Main Concepts• The country specific (Greece-Thailand-Turkey) solution uses terms like:- Portfolio(s).- Transfer Account.- Interim Account.- Bank Liability Account.
  4. 4. Main Concepts..• Check PortfolioIs like a book/ journal where check transactionsrelated data is kept.• Transfer AccountIs a GL. Account used while transferring checksbetween checks Portfolios.
  5. 5. Main Concepts…• Interim AccountIs a temporary suspense GL. Account for the checkamount Presented to the Bank.• Bank Liability AccountIs a GL. Account that is posted against the Interimaccount when presenting the check to the Bank.
  6. 6. Process Flow Diagram& The Possible Available Scenarios
  7. 7. Scenario.. 11. Record the Payment “Checks in Safe – Portfolio”. Dr. Customer SGL. In. “C.I.S” Cr. Customer Account2. Present the Check to the Bank. Dr. Bank-Deposit-Account Cr. Bank Liability Account
  8. 8. Continue Scenario.. 13. At the Bank - Cleared Dr. Bank-Main-Account Cr. Bank-Deposit-Account -------------------------------------- Dr. Bank Liability Cr. Customer SGL. In. “C.I.S”
  9. 9. Continue Scenario.. 13. At the Bank - Refused Reverse the financial entries through the system either to the payment level or the invoice level.
  10. 10. Scenario.. 2• The same payment procedure.• The same presentation procedure.• If the Check got Refused it will be bounced to the Bank Bounced Checks Portfolio. Dr. Bank Liability Account Cr. Customer SGL. In. “C.I.S” ----------------------------------------- Dr. Bank Bounced Checks Cr. Bank-Deposit-Account
  11. 11. Continue Scenario.. 2• Now the Check gets Bounced & Cleared. Dr. Customer Cr. Bank Bounced Checks
  12. 12. Scenario.. 3• The same payment procedure.• The same presentation procedure.• You move the Check from one Portfolio to another new Portfolio. - Remove from Portfolio Dr. Portfolios Transfer Account Cr. Bank Liability Account
  13. 13. Continue Scenario.. 3- Add to the new PortfolioDr. Bank Liability AccountCr. Old Portfolio--------------------------------------Dr. New PortfolioCr. Portfolios Transfer Account
  14. 14. Continue Scenario.. 3• From here you can carry on with any of the steps presented previously in the above Scenarios.
  15. 15. THANK YOU Checks in Safe Solution Prepared BySAKR Internal FICO Consultant Mohamed A. El-Kaream

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