bank main A/C and Sub A/C

[Former Member]

SAP guru's,

I have one doubt related to bank a/c.

in house bank configuration we maintain GL A/C .

but when we do reconciliation that time it reconcile with bank main A/C , so where we maintain bank main A/C wher we configure bank Main A/C. how we establist relation bank main A/C and BanK sub A/C.

plz explain me.

<removed_by_moderator>

regards,

[Former Member · Accepted solution]

Please go to FI12

There select the House Bank

Double click on Bank Accounts

Main Bank GL Code is assigned here

Regards,

Alok

[Former Member · Accepted solution]

In FI12 Main Bank GL Code is Assigned and in OT50 Outgoing Bank A/c & Incoming Bank A/c GL codes are assigned,

The MAin Bank GL Code is always end with 0 like 100300

Incoming Bank A/c GL Codes end with 1 like 100301

Out Going Bank A/c GL Codes end with 2 like 100302

Thus the settings in OT50 is:-

Account Symbol - Main-Bank Account Modification + G/L A/c is +++++++++0

In-Bank A/c Modification + G/L A/c is +++++++++1

OUT-BANK A/c Modification + G/L A/c is ++++++++2

Regards,

Alok

[Former Member]

Hi,

There should be 3 GLs corresponding to a house bank, if you are configuring bank recomciliation statement in sap.

1.Bank main account(it should not be maintained as a clearing account)

2.Incoming bank account (subledger, which is to be maintained as a clearing account)

3.Outgoing bank account(subledger, which is to be maintained as a clearing account)

We use Main bank A/c & two Sub accounts ie incoming for receiving incoming payments & outgoing for making outgoing payments & the Main a/c for transferring the actual balance of Bank Statement.

Accounting Entry for Bank Sub Account Scenario:

Payment Entry :

Expenses Dr.

Bank Sub Account Cr.

Payment Clearing based on statement:

Bank Sub Account Dr.

Bank Account Cr.

This functionality reflects the Bank Balance in GL as close as the Actual Bank Physical Balance

For checks issued out u2013 based on checks cleared in the bank account the following entry will be passed automatically.

GL code account description Debit /Credit

111411 ICICI check issued out Debit

111410 ICICI bank u2013 Main account a/c Credit

For checks received in u2013 based on checks cleared in the bank account the following entry will be passed automatically.

GL code account description Debit /Credit

111419 ICICI check received Credit

111410 ICICI bank u2013 Main account a/c Debit

I think your doubt will be cleared.

With Regards,

Sudipto

[former_member193516]

ot50, the core of bank account determination. Take a look at that and check settigns described for this in spro and also SAP library.