Hi SAP FICO Experts,
What is house bank, why companies create house bank? Please tell me the right solution for it.
House bank is used to maintain the bank transactions in SAP system . It is represent the bank which is company using, ex : SBI. SBH All check and bank related information we are maintain in house bank so it is help to know the bank balance and used for bank statements.
Different bank will have different check no. and branch no. in the check book if you create check lot one branch can give you lot of check books this will be confuse and there are lot of reason for this to create it.
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