Bank Accounting

Topics: Banking, Bank statement, Bank Pages: 16 (2530 words) Published: March 26, 2015
Bank Accounting is an application within the financial accounting module of SAP. It helps users in managing incoming and outgoing payments for cash balance controlling. It also further provides users with ease in managing accounting transactions with their respective banks. Master Data Master data is stored centrally in the bank directory. Bank Directories: these contain the bank master data for all the banks that the user approaches for business transactions. This means, data of the user’s own banks as well the as the banks of the user’s business partners must be input in the bank directory. Creating Master Data The bank directory can be created automatically as well as manually. Automatic: Country specific data transfer: Enter transaction code RFBVALL_0, or through the easy access menu, Bank Directory Data Transfer – Transfer Bank Directory Data- Country Specific. Import a bank directory into SAP from a pre downloaded ASCII file. This data in the form of a national bank directory can be acquired from the banking organization of the user’s country. This must be regularly maintained and updated. International data transfer: Enter transaction cod e RFBVBIC_0, or through the easy access menu, Bank Directory Data Transfer – Transfer Bank Directory Data – International. Import a bank directory and select the bank countries. This directory has to be created by the user himself through BIC Database Plus

Manual:
To create bank master data manually, enter transaction code FI01, or using the easy access menu, Accounting- Financial Accounting- Banks-Master Data- Bank Master Data- Create.

The following screen will appear. Enter the Bank Country and the new Bank Key which you want to create.

Upon clicking Enter, the following screen will appear. Enter the data as required.

Click on the save icon to save all the data. The user would have successfully created the bank key.

All of the required data is specific and exclusive to the user’s bank. These steps will have to be repeated to input data for multiple banks as per the user’s requirements and use. Changing and Displaying Master Data Bank Master Data can be edited and displayed once created. Change Master Data: FI02, or Accounting- Financial Accounting- Banks-Master Data- Bank Master Data- Change. Display Master Data: FI03, or Accounting- Financial Accounting- Banks-Master Data- Bank Master Data- Display. Setting Deletion Indicators for Bank Master Data Bank master data that is no longer required can be archived. This means that that specific data is removed from the database, deleted and put in a file. This file can be transferred into an archive system. However, the user cannot immediately delete bank master data. A deletion indicator has to be set first for the bank master data that is to be deleted. SAP system then checks if it can be deleted, this means that there must be no reference to that data in the system. The bank should not be a part of any master records. If this is verified, the bank master data is removed and archived. Procedure: Enter transaction code FI06, or through the easy access menu, Accounting- Financial Accounting- Banks-Master Data- Bank Master Data- Set Deletion Flag. On the initial screen, enter the bank country and the bank key. The initial screen will then appear to set the deletion flag for a specific bank. Set the deletion indicator, click Save. House Banks House banks are those which carry out the user’s transactions. Normally, this bank would be entered in the company code data in the master data record of the business partner, through which the payments would be made through this account. The user can assign multiple banks as his home banks. Each house bank would have an identifier of 5 characters, known as the “house bank”(1) and would be associated with a country through the bank country key (2). It will also have a unique identifier known as the bank key (3), which can be of a maximum of 15 characters. The bank key is...
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