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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Ludwig Reinhard Microsoft Employee on at

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Hi,

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

Can you make new screenprints?

Best regards,

Ludwig

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Gaurangkumar Jani 4,546 User Group Leader on at

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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,

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Hossam Z. EL Hassan 22 on at

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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 4,546 User Group Leader on at

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Hi Hossam,

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

Any specific reason?

Thanks,

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Hossam Z. EL Hassan 22 on at

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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 4,546 User Group Leader on at

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Hi Hossam,

Did you test it?

Please let us know if you test it.

Thanks,

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Hossam Z. EL Hassan 22 on at

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Hi Gaurangkumar,

Thanks. It worked.

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