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What is the difference between House Bank and Bank Account.
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Answer Posted / venkatareddy
House bank is the group of banks means the company is
maintaining 10 bank accounts these 10 a/cs will be maintain
by 1 house bank. Each bank GL can be assign to house bank and
account id is to make the reference for payment program
House Bank Master in SAP is created to capture the Branch
details of your bank like branch address, swiftcode etc.
Where as Account Id represents the account number in you
bank branch.
So There can be many account id's under one house bank
(as in one bank you can have local currency account and
foreign currency account or savings account and current account)
| Is This Answer Correct ? | 13 Yes | 17 No |
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