1. Objective and Scope

1.1. Objective of this Operation

The objective of this procedure is to explain how to prepare and post the bank movements from the various banking accounts.

The movements includes payments (Tax, Social Security, Vendors not assign to CICC), Cash Collection (receivables not assign to CICC) and Cash Pooling.

1.2. Scope

This procedure is applied for the following companies:

• 0270: Solvay Chimica Italia
• 0279: Solvay SA
• 5835: Solvay Speciality Polymers Italia
• 6277: Solvay Energy IT
• 6306: COGEN Spinetta 
• 6328: COGEN Rosignano
• 8090: SOLVAY SOLUTIONS IT

2. Definitions

See Finance Glossary:

• CAM
• CICC

3. Tasks description

3.1. Periodicity

Banking movements have to be post in accounting on a daily basis.
At D1 all the movements of the month should be post, transitory accounts cleared and bank reconciliation finalized.
 

3.2. I list the bank accounts open for the italian entities

It is important to remind that Italian entities have open bank accounts in the following banks: 

Update: Dec. 2020

For the login information go to the following link.

3.3. Bank Intesa Sanpaolo

Intesa Sanpaolo S.p.A. is an Italian international banking group.

In their platform InBiz we find the majority of active banks and bank accounts in the different banks for all Italian companies, so we will be able to access daily movements through this platform for INTESA SANPAOLO SPA, BANCA MONTE DEI PASCHI DI SIENA S.P.A., DEUTSCHE BANK SPA and BANCA NAZIONALE DEL LAVORO SPA.

However, to get more details about the movements, we will have to go to the respective banks to download this detail.

3.3.1. I access the daily bank statements 

To Login, insert your credentials User ID / PIN Code and press ENTER.

A second validation will be required by using a token device. Follow the instructions and insert OTP code provide by Token.     

Once you enter in the main page of the homebanking you can change language from/to ENG/IT. You will find it on the right of the screen right below your credentials (see highlighted in yellow):               

On top of the page you can make a selection by company to simplify or select all entities: 

To retrieve the daily movements, at the left go to Products → Accounting Information → Current Accounts

    Select “Number of account entries”

 And as a last step choose the respective bank account and the period: 

 Afterwards you can extract in excel or generate a pdf file by selecting: 

3.2.2. I access the .TXT file for SAP upload

From Inbiz Website we are able to extract specific TXT file for automatic postings.

Go to Utility → Import file → New flows download

       In tab Download Flow Reservation, select Company, then date of extraction and status. 

Afterwards a list of movements, per day, by entity will be displayed. Just select all lines and press "RESERVE A DOWNLOAD":

The system will automatically transfer to second tab and you can select "DOWNLOAD"   

3.2.2.2. I perform the bank postings in SAP

Cash pooling movements are posted in automatic way using the SAP Transaction below:

• Z1F_IT_ZIFRIPBA_SPI  

Run transaction and call variant

And choose the correct one:

0270 → 0270 S.PAOLO I

0279 → 0279 S.PAOLO I

5835 → 5835 S.PAOLO I

6277 → 6277

Automatically, the variant will fill all the fields as shown:

Run transaction and select the file extracted previous on Inbiz Homebanking.

The output will be:

After, go to transaction Z1F_IT_ZIFMI004.

• Z1F_IT_ZIFMI004

Enter transaction, paste the “output file name” copied on previous transaction and run:

• SM35

Afterwards, go to transaction SM35, select the session name “MICxxxxBCA”, where the xxxx is the company code. 

As mentioned before, all movements of cash pooling, commissions and bank guarantee (fideiussioni) will be booked.

3.2.2.2.1. Cash pooling posting scheme  

This transaction is replicating, with opposite sign, all movements in Open items in bank account 

(50xxxEURxx) and post it a G0 document with this scheme:

• 50 or 40          50xxxEURxx (bank account)
• 40 or 50          591eurXXX( company code ) 

3.2.2.2.2. Commissions posting scheme

As cash pooling, the posting made by the system will post with opposite sign the open items registered in bank account with a G0 document type:

• 50        50xxxEURxxx
• 40        659XXXXXXX
                     6509000020 → related with Maintenance of bank account
                     6599000400 → costs of transfer

List of cost centers to use:

• 0270 - XR800CPFIN
• 0279 - YU88000001
• 5835 - B780008045
• 6277 - 4XDGF
• 6306 - 4UFGF00001
• 6328 - 5G32326900

3.2.2.2.3. Bank guarantee (fidejussioni) posting scheme

As the previous one, bank guarantee will also be post with opposite sign as shown on bank statement with G0 document type.

How to recognize a bank guarantee in your statements?

It is written in the text "Fidejussione" or "FID.XXXX" or in the fifth column with the code "ZP - Commissioni e Spese su fideiussioni" as below:

To know in which company to input the guarantee, there is in the bank description a number with 6 digits to help us.

With this number, go to the Bank Guarantee List database and the information will be available.

 Or

50        50xxxEUR20

40   7590000000 (if it’s external company)

 In this case, we need will insert a WBS

After, Intercompany team will settle that WBS and issue the invoice.

3.2.2.3. I resolve the issues

It can happen that the description of the movement is not recognized by the database because the description is absent. In this case you can follow one of the following step:

• Using SAP transaction FBL3N and checking the Bank G/L Account (50XXXEURXX), look at all the bank movements of the previous year, to check if there is a movement containing the same description.
  
  
• Using SAP transaction FBL3N, look at all the bank movements of the previous year, to check if there is a movement with the same amount.

Or, if reading the description you realize that the movement is the payment of a vendor,

•  Using SAP transaction FBL1N, check if a vendor with the same name is existing and if the related open item is present.

Or, if reading the description you realize that the movement is the cash collection of a customer,

• Using SAP transaction FBL5N, check if a vendor with the same name is existing and if the related open item is present.

If you are not able to find any other movement that, in one way or another is related to an old posting, copy the line in the Google document, so that the locals may inform which the correct account to be use.

For F24 movements, use file “Posting banche 24”. Go to the home banking Intesa for detail. For each company there’s a sheet.

In the sheet there’s several code or a group of codes (found in the home banking) that will be link to an account (for new codes contact local).

 In homebanking:

Go to Products → Payments → F24 payment

Select tab Past Records and Outcomes:

Select tab Show all, select company and date.

In the end check if the posting key reflects the movement made in the bank.

• IMPORTO DEBITO-50
• IMPORTO CREDITO - 40 

Attached the image to the shared folder.

3.4. BNL - Banca Nazionale del Lavoro (Gruppo BNP Paribas)

• Enter in https://business.bnl.it and have your token ready to retrieve the 2nd code.
  
  
• For the credentials access go to link.
  
  
• Insert credentials in fields USER, PASSWORD and Station Data and press NEXT.

• Insert OTP code generated in the token and press NEXT.

Once connected the following screen appear:

3.4.1. I access the BNL bank statements 

If you need to see the movements of the statement, go to SALDI e movimenti, then movimenti consolidati

Then select company code in Ragionale sociale, then the period of the statement in Data operazione DA and conferma:

For download the statement in PDF, select  and check in section Strumenti, then Export and Visualizza file esportati

Select the data/line you want to export and click in Estrai.

You can also retrieve it in EXCEL, select , then a download and check in section Strumenti, then Export and Visualizza file esportati

3.4.2. I access the BNL F24 form

For checking the detail of the F24 form go to Altri pagamenti, then Revoche F24.

select ESITI tab

Then company in code in Rag. Soc/Intestario, date in Data spedizione DA and Conferma.

In column PDF, if there's a file, it means we can download the F24 Model for archive.

However, you can always see the content of the Model and the detail of what was paid if we press in the date (xx/xx/yyyy) of an specific F24:

To download the document select the line and press esporta or stampa, in both cases, we have to go to check in section Strumenti, then Export and Visualizza file esportati to download.

3.3. I perform the Bank postings

 In the case of the Intesa bank accounts, the upload to SAP is done manually, the cash pooling only post those movements, all others movements need to be posted manually and each movement analyzed.

 In the case of the BNL bank accounts, the ulpload to SAP is done automatically and we have to check the transitory accounts for open items. We can also see the movements in transaction FEBA (PF1) + FEBAN (WP1).

505DGEUR72
505DHEUR72
505DGEUR76
505DHEUR76
505CGEUR72
505GEUR76
505CHEUR72
505CHEUR76

505CFEUR72

505CFEUR76

2740000000

3.3.1. FEBA/FEBAN Transaction

Insert company code and Statement date. System will then show all the movements for all accounts by day.

By clicking in one amount, we can see the detail of that movement.

F24

To perform the postings Codice tributo has the correspond code of the F24 and you will find the allocations in the database:

3.4. I perform the checks

In the end of the month and after the posting of the cash pooling, all the accounts must be balanced.

1) In FBL3N, choose the account related to the bank account and check if its balanced. If not, find the reason for the unbalanced.

On D+2, if some movements aren’t done for missing feedback from locals, post the remaining movements on account 2740000000.

Once a week sent an information email (for all companies) to the locals, with the doubts, provide by company the number of doubts.

2) Monthly check: check whether balance in SAP is matching with the bank statement.

I know the specifics and recurrences of bank postings

3.5. I perform the bank reconciliations

Follow instruction in the template BANK_RECONCILIATIONS PROCEDURE 

https://drive.google.com/drive/u/0/folders/1_zOhqncXGANBzlX6LMGSAExe8BM6Hkjd

End of document.