how two differnt banks can assign to one house bank

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how two differnt banks can assign to one house bank..

Answer / vishal

House Banks

First Step: We first create House Banks. These are the banks for

your clients. Your client uses these for its banking transactions. One House Bank can have multiple bank accounts assigned

to it.

During the implementation one can try to rationalize both, the Banks and the Accounts.

A House Bank has

a Unique Bank Key. Bank Keys differ by each country's norms. The US Bank Key is called ABA (American Banking Association)

number. Normally each House Bank can have its own Company Code. In some cases, where the Banks use a different ABA key for

paper Transactions and a different one for Electronic Transactions, you Create Two House Banks instead of one for One

Physical Bank. Also, Two Bank Accounts will be created for a Single GL Account.

T-Code: FI12

Menu Path:

Financial Accounting > General Ledger Accounting > Bank-Related Accounting > Bank Accounts > Define House Banks

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