What is a house bank? What information does it contain?
A house bank refers to the bank a company uses for receivables and/or payments. It is any bank with which your company code does business. Each house bank contains a company’s bank accounts. It also contains a bank key that defines address and control data for the bank. The house bank establishes a link between the various G/L cash accounts and the actual bank accounts.
How does data enter the bank directory?
Automatically, if master data exists for the Bank Directory on tape or disk. Data can also be manually entered when creating a customer or vendor master record, a one-time account, or by directly creating an account.
How is Bank Reconciliation handled in SAP?
The bank reco typically follows the below procedure: First, the payment made to a Vendor is posted to an interim bank clearing account. Subsequently, while performing reconciliation, an entry is posted to the Main Bank account. You can do bank reconciliation either manually or electronically.
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Describe the Account ID.
Each of the bank accounts created within a house bank must be assigned a unique freely definable five-character Account ID. The Account ID is used for the payment program specifications and in the account master records to make a reference to the bank account.
How do you configure manual bank statement?
The following are the steps for configuring manual bank statement:-
Step1: Create account symbols for the main bank and the sub accounts
Step2: Assign accounts to account symbols
Step3: Create keys for posting rules
Step4: Define posting rules
Step5: Create business transaction and assign posting rule
Step6: Define variant for Manual Bank statement
How to create Bank Master Data?
This can be created through T.Code FI01 or you can also create the house bank through IMG/FA/Bank accounting/Bank account
How to configure Electronic Bank Statement (EBS) in SAP?
Configure Global Settings for EBS (IMG)
Create Account Symbols
Assign Accounts to Account Symbols
Create Keys for Posting Rules
Define Posting Rules
Create Transaction Types
Assign External Transaction Types to Posting Rules
Assign Bank Accounts to Transaction Types
Explain briefly how you can import electronic bank statements into SAP.
A text file is received from the bank which is then uploaded into the SAP system. The file contains details of the company’s bank movements e.g. cheque, bank interest, bank charges, cash receipts etc. Depending on the system configuration SAP will attempt to book these
transactions automatically to the correct accounts to avoid the need for manual entries by SAP users. Any postings which the system cannot derive automatically can be booked through “post-processing”
How do you configure manual bank statement?
The following are the steps for configuring manual bank statement:-
Step1: Create account symbols for the main bank and the sub accounts
Step2: Assign accounts to account symbols
Step3: Create keys for posting rules
Step4: Define posting rules
Step5: Create business transaction and assign posting rule
Step6: Define variant for Manual Bank statement
What is the clearing basis for check deposit?
In the variant for check deposit we need to set up the following
a) Fields document number (which is the invoice number),
b) Amount
c) Short description of the customer.
The document number and the invoice amount acts as the clearing basis.
