Online Tutorials & Training Materials | STechies.com
Register Login

House Bank in SAP

saket || 29 Mar 2006 12:13 am || 7

House Bank  Bank that your company used for banking purposes. It is also the first step for configuring your Account Payable Modules.

FI12 - Configure House Bank


Comments

  • 25 Dec 2008 7:46 pm Helpful Answer
    You would typically create one "House Bank" per Bank's routing number. So, if your company (read Company code) does business with a bank and have 5 account numbers with them, but they all have the same routing numbers, then just create one House Bank for that Company Code.
     
    Next, you can create multiple Account IDs within that one House Bank. Typically, you would create an Acct ID for every account number issued by the bank.
     
    You may also create multiple Account IDs for the same account number. Just use the bank issued account number over and over. You would do this if you want to attach each Account ID with a different G/L account. For example, your operational account receives cash deposits from customers and you issue payments to suppliers from the same account. Yet, you want to separate deposits and payments. Then, create two Account IDs say RECPT and PYMNT and set them up with the same House Bank and Bank account but different G/L account.
     
    Hope this helps
  • 19 Nov 2008 7:28 am

    How can i do?

    I use FI01 to creat first, there are 5 a/c under one same bank,eg. BOC

    Then can i create the 5 a/c under one house bank? or just creat them for five seperate house bank?

    When i finished FI01 ( i creat 5 a/c under one same house bank), and jump to FI12 to figure it, however there is just one bank appared, 001 only.....

    Any steps missed?

  • 03 Jan 2009 12:23 am
    We got one bank and one bank account but have many routing numbers per payment method like ACH, Wires and Checks have different routing numbers at bank.

    Do we set up three house bank in this case or there are other options in SAP?
  • 04 Jan 2009 2:02 pm
    i am referering to the answer on Dec 25th which says, create different acct id's.

    No. you do not create different account id's just to route it to different gl account. follow the complete banking solution of sap.

    to answer the post on Jan 3rd - the key to the bank key is "how does your bank make payments. does it use swift code, does it use routing number or what is the method" there is no one straight answer. circumstances dictate the number of house banks.

    cheers
  • 05 Nov 2009 7:26 am
    Thanks for the clarification!! however, can you please explain me more regarding this with an example..."it use swift code, it use routing number or what is the method" there is no one straight answer. circumstances dictate the number of house banks"
  • 21 Jun 2018 9:14 am

    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.

  • 21 Jun 2018 9:15 am

    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.