Bank Master Record – contains information about a banking institution.
Bank Directory – repository within the system in which all Bank master data is stored.
House Bank – any banking institution with which the organization conducts business.
Bank Country – the country in which a House Bank is located.
Bank Key – a country-specific code that, in combination with the Bank Country, is used to identify a House Bank within the system.
Bank Account – a unique account within a House Bank.
Account ID – a unique freely definable five-character code assigned to a Bank Account.
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The Bank Directory contains complete SAP details about each House Bank.
A House Bank is any banking institution with which the organization conducts business. The House Bank contains the company’s funds.
- House Banks for each Company Code are created using a user-defined five character code.
For each House Bank, the Bank Country must be identified in which the bank is located, as well as a unique Bank Key.
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Bank master record data for all banks in the SAP system is stored in the Bank Directory, which is stored in Table BNKA. The data includes the bank key, the name of the bank, the address and country specification.
The two ways to create SAP information in the Bank Directory are:
- Automatically: If master data exists for the Bank Directory on tape or disk, it can be imported it into the SAP system using a special program.
- Manually: Unlike Customer and Vendor master records, Bank master records are created in the Implementation Guide in the SAP FI module (IMG); however, Bank master records can also be created on the Application side in the Treasury Management module (T-code: FI01, 02).
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Manual bank statement
In case the bank is not able to give us an electronic statement. The statement can be entered in the manual bank statement and uploaded manually.
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What is bank statement?
Bank statment is a document sent by the bank which gives details of the transactions done by the account holder.
Wikipedia
An account statement or a bank statement is a summary of all financial transactions occurring over a given period of time on a deposit account, a credit card, or any other type of account offered by a financial institution.
Bank statements are typically printed on one or several pieces of paper and either mailed directly to the account holder’s address, or kept at the financial institution’s local branch for pick-up. Certain ATMs offer the possibility to print, at any time, a condensed version of a bank statement.
In the next activity, we make configuring the Electronic Bank Statement and Manual Bank Statement
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