WHAT IS HOUSE BANK AND BANK ACCOUNTS IN SAP FI

WHAT IS HOUSE BANK AND BANK ACCOUNTS IN SAP FI ?

There are two main factors to be considered while managing bank accounts in SAP system:

1. House banks

2. Bank accounts

·        For every company code we need to define its house bank. These are an equivalent of the “real” banks that the company operates with.

·        For every house bank there are defined one (or more) bank accounts - these are simply our bank accounts per house bank.

·        The bank account data contains the number of the account at the bank, the account currency and the G/L account which reflects the postings on your bank account in the general ledger.

·        For each bank account, a G/L account must be created. This G/L account is assigned to the bank account and vice versa. Both accounts have to have the same account currency.