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FICO Bank Accounting Configuration

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FICO Bank Accounting Configuration
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Bank Accounting: Bank accounting is a module in SAP which maintains the accounting transactions processed with the associated bank.  This accounting transaction procedure manages the bank master data and process of credited and debited payments.

Here are the steps involved in Bank Accounting Configuration:

1. Defining House Bank:

House bank in SAP is known as a 5 character alphanumeric code. To define it FI12 Transaction Code is important to cross its first step.

Company code is stand for a bank id by which one can process payment transactions.

Properties of a House Bank:

A. Every house bank id is primary inside a company code. One should also know that company code can contain multiple house banks.

B. Every house bank has a country key stands for the coutry in which the particular bank is situated.

C. A House Bank can contain multiple Bank Account Ids which are used to enter the specifications of payment program and to update the G/L Account Master Entries.

Note: Account Id is primary for a particular bank ID and company code.

To Define House Bank the following is SAP R/3 IMG Path:

SPRO – Finacial Accounting – Bank Accounting – Bank Accounts – Define House Banks.

Step 1: Enter  FI12 Transaction Code and Click Enter and enter Company Code.

Step 2: Click on New Entries and Fill the House Bank, Bank Key and Communication Data Fields and click over save icon.

Step 3: Go to the Bank Account tab and fill Account ID, Description, Bank Account Number and Currency fields as per your convenience and click to the Save Icon.

2. Create Bank Key:

To create Bank Key following is the SAP R/3 Path:

Accounting – Financial Accounting – Accounts Receivable/ Accounts Payable – Master Record – Bank – Create

Step 1: Put Transaction Code FI01 and press Enter Button.

Step 2: Fill Bank Country and New Bank Key as per your choice.

Step 3: Fill the details in Bank Key Adress like: Bank Name, Bank Street Adress, Bank Location city and Branch Name of Bank etc.

Step 4: Fill the Bank Swift Code, Bank Group, Bank Number and click to the Save Icon to end the process of creating Bank Key.

3. Electronic Bank Statement Configuration

4. Manual Bank Statement:

The Following is SAP Menu Path for Manual Bank Statement:

SPRO – IMG – Finacial Accounting – Bank Accounting – Business Transaction – Payment Transaction – Manual Bank Statement – Create And Assign Business Transaction

5. Define Posting Key and Posting Rules for Check Deposit:

The Following is SAP Menu Path to Define Posting Key and Posting Rules for Check Deposit:

SPRO – IMG – Fiancial Accounting – Bank Accounting – Business Transaction – Check Deposit – Define  Posting Key and Posting Rules for Check Deposit

6. Create and Assign Business Transaction:

The Following is SAP Menu Path to Create and Assign Business Transaction:

SPRO – IMG – Fiancial Accounting – Bank Accounting – Business Transaction – Check Deposit – Create and Assign Business Transaction

7. Define Variants for Check Deposit:

The Following is SAP Menu Path to Define Variants for Check Deposit:

SPRO – IMG – Fiancial Accounting – Bank Accounting – Business Transaction – Check Deposit – Define Variants and Check Deposits.

So hence these are the steps for SAP FICO Bank Accounting Configuration where no need of House Banks for Manual Bank Statement. Both are independant.


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