Banks in SAP

In a financial system, Banks always are important.

Banks in SAP are used by the company codes for several purposes (payments, etc).

Companies have the House Banks, identified in the system as a unique Bank Id. The house banks have bank accounts, in this case identified with a Bank Account ID.

Taking into account theses concepts, the bank master data will contain the house bank id, the account numbers ids and the corresponding banks GL (and other information).

To Define House Banks, SAP provides transaction FI12 or following this path:

IMG->Financial Accounting (new)->Bank Accounting->Bank Accounts->Define House Banks

The definition of the rest of the banks (banks of customers or vendors) is done in SAP menu, using transaction FI01 or following the path:

SAP Menu->Accounting->Financial Accounting->Banks->Master Data->Bank Master Data->FI01 – Create