Define House Bank in SAP | House Banks overview

Define House Bank in SAP

House bank of a company code is represented by a bank id through which you can process  payment transactions. It is used for the purpose of payment programme, check deposit, automatic payment program (APP), and bank reconciliation
  • A house bank in SAP is identified by a 5 character alphanumeric code. Each house bank ID is unique within a company code and a company code can have multiple house banks.
  • Each house bank in SAP system is associated with a country key representing the country where the bank is located.
  • House banks can have more than one bank account id, account ID is unique for a specific bank ID and company code. The account ID is used for entering specifications for the payment program and for updating the G/L Account Master records
SAP R/3 IMG Path : – SPRO >> Financial accounting >> Bank accounting >> Bank accounts >> Define house banks

Transaction code : – FI12

Step 1 : –  Enter transaction code FI12 in the SAP command field and press enter

Enter the company code and enter

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Step 2 : – Click on “New Entries”.

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Update the following fields
  1. House Bank : – Enter the 5 character alphanumeric code
  2. Bank Key : -Enter Bank key  (Read more how to create bank key)
  3. Communication data :- Enter the telephone number and contact person

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Click on save icon to save the configured data. Successfully you have created house bank in SAP.

Bank Accounts

Click on bank accounts option to maintain details of bank.

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In next screen, Update the following details.
  • Account id: – Update the two digits account id
  • description: -Update the description of bank id
  • Bank Account number: – Update your bank account number
  • Currency: -Update the currency of bank account
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After maintain all the details, click on save button to save the configured bank details.

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