Bank to Bank transfer

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Posted on by Hossam Z. EL Hassan

Hi,

We would like to create a GL entry for bank to bank transfer. The banks are in different legal entities. We need to create two lines in order to use the "bank transaction type" field which is used in electronic bank reconciliation. We are receiving an error "The legal entity of the bank differs from the legal entity that you are logged in to. Select a different offset legal entity or log into a different legal entity."

Please guide me on how I should create this entry.

Kindly find below the error.

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Answers (1)

Hossam Z. EL Hassan 12 on at

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RE: Bank to Bank transfer

Hi Gaurangkumar,

Thanks. It worked.
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Gaurangkumar Jani 4,511 User Group Leader on at

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RE: Bank to Bank transfer

Hi Hossam,

Did you test it?

Please let us know if you test it.

Thanks,
Hossam Z. EL Hassan 12 on at

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RE: Bank to Bank transfer

Hi Gaurangkumar,

Actually having the same bank transaction type is OK for me. But I was afraid it will not show on the offset bank transaction line since we are not selecting a field for it.
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Gaurangkumar Jani 4,511 User Group Leader on at

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RE: Bank to Bank transfer

Hi Hossam,

Why do you need different "bank transaction types" in both legal entities?

Any specific reason?

Thanks,
Hossam Z. EL Hassan 12 on at

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RE: Bank to Bank transfer

Hi CA Gaurangkumar,

If I use the other bank as the offset, is there a way to record the bank transaction type against the offset bank account?

Thanks.
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Gaurangkumar Jani 4,511 User Group Leader on at

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RE: Bank to Bank transfer

Hi Hossam,

Please create Intercompany transfer using Offset Company as below:

The system will not allow Legal entry selected other than your legal entity.

Let us know if this helps.

Thanks,
Ludwig Reinhard Microsoft Employee on at

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RE: Bank to Bank transfer

Hi,

What's the offset account that you use in those lines?

Can you make new screenprints?

Best regards,

Ludwig