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Reply from madhavspatel on May 20 at 9:34 AM Hi,
House Banks are Banks through which the company deals with payment
transactions. House Banks and Banks are pretty much the same but the
structure of a house bank is different to a bank in their G/L account
composition.
A House Bank can contain multiple G/L accounts allowing you to define one
for each operation. You can define one for payments, one for deposits, one
for clearing cheqs, one for cash..etc. And the sum of all these accounts
will make the balance of the House Bank.
Each "House Bank" is represented by a Bank ID in SAP and every account at a
"House Bank" by a Account ID.
Thanks & Regards
madhav
| | | ---------------Original Message---------------
From: Xiera
Sent: Friday, May 20, 2016 7:32 AM
Subject: Function of House Bank
Hi all,
Can anyone here know what is the function of House Bank?
Thanks. |
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