house banks

[Former Member]

hi friends,

what accounts do we assign when creation of bank accounts for house banks, is it GL account or a clearing accout

correct me if wrong.

regards

charlie

[Former Member · Accepted solution]

hi charlie,

when you are creating the house bank using TC fi12, you have to assigen the GL account wat you are creating for Bank master recods how you defrenciate diffrent banks,

thnx & Regards

Sreenath

[Former Member · Accepted solution]

hi Friends,

have a doubt, using FI12 we r creating house banks and also bank accounts, then what are we creating using FI01 which is bank master record.

thanks friends

charlie

[Former Member · Accepted solution]

any suggestions plz regarding the above question?

thanks

wishes

clarlie

[Former Member · Accepted solution]

Hi Charlie,

In <b>FI01</b>, you are creating a master data record for all the physical banks that would be used by the company code for both the organisation and all its Vendors and Customers. Whenever you want to create a Vendor/Customer Master, if the bank is not created in <b>FI01</b>, then, it cannot be used on the "<b>Payment Transactions</b>" tab in either the Vendor/Customer Master. Also, this bank cannot be used when carrying out a payment run using transaction code <b>F110</b>.

In addtion to creating the Master Data record for each physical branch of a bank, any of those bank branches that are used by the company as its own bank, would now have to be created as a <b>House Bank</b> using transaction code <b>FI12</b>. It is here you would have to assign the G/L account that would be used to reflect the balances on these house bank accounts in your Ledger.

I hope the above helps to clarify things.

Do not forget to award the points please.

Regards,

Jacob

Message was edited by:

Jacob Taiwo

[Former Member · Accepted solution]

Dear charlie2006 charlie.

Following points may be helpful!

1-For creating the House Bank ID ( FI12) , There must be as Bank master data of that House bank ( fi01). But every bank master data can not ne House bank.

2-Further, after the creation of House Bank (FI12), you allocate the The General ledger of that House bank. I mean Bank account Information + Respective GL .

Thanks

[Former Member]

Hi Charlie

It is possible to assign main bank GL account or clearing account. This is basically depending on the business process. If you are not sure how you will be clearing the items, then you assign main GL account.

Thanks

Ashok

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