Last Updated on August 13, 2022 by admin
Define House Bank in SAP
House bank of a company code is represented by a bank id through which you can process payment transactions. It is used for the purpose of the payment program, check deposits, automatic payment programs (APP), and bank reconciliation
- A house bank in SAP is identified by a 5 character alphanumeric code. Each house bank ID is unique within a company code and a company code can have multiple house banks.
- Each house bank in the SAP system is associated with a country key representing the country where the bank is located.
- House banks can have more than one bank account id, account ID is unique for a specific bank ID and company code. The account ID is used for entering specifications for the payment program and for updating the G/L Account Master records
You can create a house bank in SAP by using the following navigation method
- SAP R/3 IMG Path : – SPRO >> Financial accounting >> Bank accounting >> Bank accounts >> Define house banks
- Transaction code : – FI12
Step 1 : – Enter transaction code FI12 in the SAP command field and press enter
Enter the company code and enter
Step 2 : – Click on “New Entries”
Update the following fields
- House Bank: – Enter the 5-character alphanumeric code
- Bank Key: -Enter the Bank key (Read more how to create bank key)
- Communication data:- Enter the telephone number and contact person
Click on the save icon to save the configured data. Successfully you have created a house bank in SAP.
Bank Accounts
Click on the bank accounts option to maintain details of a bank.
In the next screen, Update the following details.
- Account id: – Update the two digits account id
- description: -Update the description of the bank id
- Bank Account number: – Update your bank account number
- Currency: -Update the currency of the bank account
After maintaining all the details, click on the save button to save the configured bank details in SAP.