Hi
What is the difference between House Bank and Bank Account.
Answer Posted / hannah
Hi,
A House Bank is a combination of a Bank and a Branch.
Account id is the account number. A house bank can have
multiple account IDs..
General Ledger accounts have to be created for each account
ID in the house bank. Bank Account Master data will be
maintained by the Finance Department centrally.
Each house bank and account ID combination shall have one
main general ledger account and several sub accounts mainly
based on broad transaction types. These sub accounts are
necessary to facilitate automatic bank reconciliation
process in R/3 system.
| Is This Answer Correct ? | 31 Yes | 3 No |
Post New Answer View All Answers
Why do you need asset classes? : fi- asset accounting
What is payment advice? : fi- accounts receivable
Adjustment posting problem :- F.5E >> Business area adjustment transaction Hello, the Adjustments of the Empty BA with transaction F.5E does not work properly. We make the Adjustments manually. Could you, please, check and advise ? Thanks, Rachit
Differentiate between account assignment model, recurring entries and sample document? : fi- general ledger
How do you copy plan data from one period to another? : co- cost center accounting
Hi all..I have been preparing and trying job in SAP fico for last one year by keeping 3 yrs exp. I could not join Accenture and CTS due to verification though i got offer. can somebody suggest me small and medium seized companies where i can try for sap opening, you can mail me to kprasath05@gmail.com...
How is component scrap maintained in sap?
Explain about the tax reports in sap?
What is a cost center? : co- cost center accounting
What are the different line item reports? : cost center accounting
re: when i am posting insharecapitalpaid i received one message that is there is no item is assigned to this account (bankaccount)/company code
What is archiving? How does it differ from deletion? : fi- general ledger accounting
How do you ensure correct balances in the financial statement version? : fi- general ledger accounting
What happens in an actual costing run?
What exactly do you know about the sap fico?