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Roy,
Apparently, our bank cares as they have returned ACH payments saying
wrong type of account type sent.

Alicia



From: Roy Brookes via sap-acct [mailto:sap-acct@Groups.ITtoolbox.com]
Sent: Tuesday, July 21, 2009 10:37 AM
To: Alicia Dupuy
Subject: Re: [sap-acct] Savings accounts used for ACH payments



Hi,
you are not telling me anything I do not know. I have used
this field in France for example where it is mandatory as a
validity check. But it is not mandatory in the USA and I can
not see the use of the information there. Who cares if it's
a checking account or a savings account. As long as it
accepts the payment so what?
Rgds, Roy
Dupuy via sap-acct wrote:
>
>
> Thanks!
>
> From: Shannon Moberg via sap-acct
[mailto:sap-acct@Groups.ITtoolbox.com]
> Sent: Tuesday, July 21, 2009 9:41 AM
> To: Alicia Dupuy
> Subject: RE:[sap-acct] Savings accounts used for ACH payments
>
>
>
> Roy - As others have noted, there is a Bank Control Key (LFBK-BKONT)
> field in the bank details on the vendor master. This field is used in
> some countries - for example, the US - to mark an account as either
> savings or checking or other type. The value may not always be known,
> but the field does exist. One example of its usage is for formatting
> payments into the 820 format used in the US for electronic payments.
> Within an 820 file, the BPR segment includes an Account Qualifier
field
> that is populated with a different value depending on whether the
> receiving bank account is checking or saving.
> For additional information, below are the details from the F1 help for
> the Bank Conrol Key:
> Bank Control Key
> Use Brazil, France, Spain, Portugal, and Italy
> This field contains a key for checking the combination of bank number
> and bank account number.
> Use USA
> In the USA, this field determines whether you are dealing with a
savings
> or checking account (if you do not enter a value, then 01 is taken as
> the default):
> 01 Checking Account
> 02 Savings Account
> 03 Loan
> 04 General Ledger
> Use Japan
> In Japan, the content of the field specifies the type of account. This
> information is transferred to the payment medium by the payment medium
> print program. For example, the following account types are used:
> 01 FUTSU (broadly equivalent to a savings account)
> 02 TOUZA (broadly equivalent to a checking account)
> 04 CHOCHIKU (broadly equivalent to an assets account)
> 09 Other bank accounts
> Use South Africa
> In South Africa, the content of the field specifies the type of
account.
> The information you enter here is forwarded to the bank that is to
carry
> out the payment request. The following account types are allowed in
ACB
> format:
> 01 Current (Cheque) Account
> 02 Savings Account
> 03 Transmission Account
> 04 Bond Account
> 06 Subscription Share Account
> Use Argentina
> In Argentina, the account type is specified:
> CC Current Account (Cuenta corriente)
> CA Savings Account (Caja de ahorro)
> CE Special Savings Account (Caja de ahorro especial)
> CS Salary Account (Cuenta sueldos)
> Use Venezuela
> In Venezuela, the account type is specified:
> CC Checking Account (Cuenta corriente)
> CA Savings Account (Cuenta de ahorro)
> CE Special Savings Account (Cuenta de ahorro especial)
> CS Salary Account (Cuenta sueldos)
> Use Mexico
> In Mexico, this field contains a two-character key that classifies the
> bank account, for example, as a savings or checking account; checking
> accounts have bank-specific definitions.
> Use Indien
> In India this field specifies the bank account category of the
employee.
> The account categories are defined as follows:
> 10 Savings account
> 11 Checking account
> Note
> In the countries that are not listed here, you can use the field for
> account-specific information.
>
>
>
--
Roy Brookes AFA, FInstBA,
Senior SAP Financials Consultant
Tel: +49 171 268 9635 (mobile)
Tel: +49 40 793 19642 (landline)
Roy.Brookes@Hamburg.de
Roy.Brookes@RoyBrookes.com
RB@Software-Partner-Solutions.com
www.RoyBrookes.com
www.Software-Partner-Solutions.com __.____._