Definition of House Banks
House Banks are Banks through which the company deals with payment transactions. House Banks and Banks are pretty much the same but the structure of a house bank is different to a bank in their G/L account composition.
A House Bank can contain multiple G/L accounts allowing you to define one for each operation. You can define one for payments, one for deposits, one for clearing cheqs, one for cash..etc. And the sum of all these accounts will make the balance of the House Bank.
Each “House Bank” is represented by a Bank ID in SAP and every account at a “House Bank” by a Account ID.
To define a House Bank we can directly access transaction FI12.
IMG -> Financial Accounting -> Bank Accounting -> Bank Accounts -> Define House Banks
This will take us to the following screen:
House Banks are tied to Company Codes and the Bank Accounts will be tied to the House Bank. So our first step is to Select the Company Code for which you want to define a “House Bank”.
To maintain a created “House Bank” you can select it from the the List.
To create a new House Bank just click on “New Entries”
Define Your “House Bank Identifier” which can be defined based on your own coding convetions.
Define the “Bank Key” which takes you to the following screen for selecting your Bank.
With this information defined now you can configure your Bank Accounts:
Choose the Folder “Bank Accounts”.
Choose the Bank to Maintain or
Click on New Entries for creating a new one. After clicking on “New Entries” you will see the following screen:
On this screen just define all the information regarding the “Bank Account” and Save.