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Author's profile photo Annapurna Vunnam

Outgoing Bank Charges – Japan

This blog post covers the pre-requisites and configuration settings regarding  on how bank charges will be calculated in outgoing Bank Charges- Japan.

 

Pre-Requisites:

1.Bank charges should be maintained in the Outgoing bank charges activity with relevant tax code.

2.Bank Charges paid by: Beneficiary should be maintained in the Supplier master data.

3.Payment method is Domestic bank transfer with same currency JPY.

4.Transfer amount has to be greater than the bank charge amount.

 

Configuration Settings:

  1. Go to Business Configuration-Search activity: Bank Charges – Japan > Click on Create / Maintain Outgoing Bank Charges.

Here you need to maintain the House Bank Details for the respective bank and company. Bank charges, Tax code need to be maintained according the business requirement.

 

 

2. Go to Payables work center >Suppliers view >Select Supplier >Edit >Financial Data > Select Bank Charges Paid by > Beneficiary.

 

 

3. Create new supplier invoice with same tax code provided in outgoing bank charges activity.

 

4.  Clear the invoice > Pay manually by > Outgoing bank transfer

 

5.  Select the invoice and Click on Actions > Complete Bank Charge to display the bank charge.

 

6.  We can see the bank charges field is updated with value.

 

You can see that bank charges are getting calculated and you can view the postings once you post the document manually.

 

PS: Screenshot provided in the blog post are from internal systems.

 

Best Regards,

Annapurna

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      9 Comments
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      Author's profile photo Saikat sen
      Saikat sen

      Hi Annapurna,

       

      I have some question for you:

      1. Is this applicable only for Japan Country ?

      2. How this JPE:15/- will come - on what amount system is calculating ?

      3. Is this applicable for any incoming receipt also ?

      4. If I click on set payment amount manually then also this Bank charges will come automatically or we have to give ?

      Thanks

      Saikat sen

       

      Author's profile photo Annapurna Vunnam
      Annapurna Vunnam
      Blog Post Author

      Hi Saikat,

       

      1. Is this applicable only for Japan Country ? Yes

      2. How this JPE:15/- will come – on what amount system is calculating ?
      Amount 15 JPY will be considered as per the amount maintained in outgoing bank charges activity(you can check in the first screenshot) If the amount is 100 JPY and bank charges will be calculated as 15 JPY.

      3. Is this applicable for any incoming receipt also ?
      Right now incoming bank charges for japan is not working automatically as it and issue is already taken as new development - for now you will have assign it manually

      4. If I click on set payment amount manually then also this Bank charges will come automatically or we have to give ?
      As informed, when we click on Actions-> Calculate bank charges is showing the bank charges in the outgoing bank transfer. Hence, we have to do manual actions even though it is maintained in the configuration

       

      Best Regards,

      Annapurna

      Author's profile photo Anissa Hayes
      Anissa Hayes

      Thank you for writing this article. This has made easy for us to understand the breakdown of the charges that we have to pay to the bank. I remember that once my colleague wrote such breakdown and I saw her explanation over here that described me about getting writing help for such assignments.

      Author's profile photo Annapurna Vunnam
      Annapurna Vunnam
      Blog Post Author

      Thank you:)

      Author's profile photo Simon Beppler
      Simon Beppler

      Thanks for the article! Is this function only available within RFFOJP_T? We want to use it with RFFOEDI1 (IDocs).

      Author's profile photo Emma Jackson
      Emma Jackson

      Excellent Blog! I would like to thank for the efforts you have made in writing this post. I am hoping the same best work from you proofreading services in the future speech writer as well. I wanted to thank you for this websites! Thanks for sharing.

      Author's profile photo Annapurna Vunnam
      Annapurna Vunnam
      Blog Post Author

      Thank you so much:)

      Author's profile photo fiona wilson
      fiona wilson

      Hello! This instruction is very helpful. I think it will make life easier for many people who look for such information. 

      Author's profile photo Annapurna Vunnam
      Annapurna Vunnam
      Blog Post Author

      Thank you:)