SAP Business: Maintain Bank

December 30, 2009 by mySAP
Filed under: Treasury Process

Bank maintenance refers to the creation and change of bank master records in the SAP system

Common Business Requirement

Each bank which your company deals with should be created as a bank master inside the SAP system. After request to create/change bank master has been approved, bank master is created/changed in the SAP system.

Where the company no longer deals with a particular bank, the bank master should be flagged for deletion. Periodically, changes made to bank master data should be reviewed to ensure that changes made were authorized and accurate.

Detail and Design

In SAP system, each bank master is uniquely identified by bank country and bank key. Where payment is received from customer or made to vendor via bank transfer, bank data of the customer/vendor (bank country, bank key and account number) should be maintained in the customer/vendor master.

Before bank data can be maintained in the customer/vendor master, bank master should be created.

In addition, where the company uses new banks to make payment, the bank master can first be created or created at the same time when house bank is being defined in the configuration in SAP system. One bank master can be linked to numerous actual bank accounts.