Hi Ravi,
Posting a payment order from a subsidiary in IHC creates the following:
Technical Account clearing +100.00
Subsidiary Account -100.00.
The next step would be to make the final payment to using F111.
once this has been paid. This payment will apear in the external bank statement.
on loading the external bank statement, the IHC item will be found and the following entries created:
technical Account clearing -100.00
Subsidiary Account +100.00.
This clears the IHC Bank Current Accounts.
Is my understnding incorrect?
Regards,
Godhelp