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Hello Kal,
The House Bank is created for a Company Code, usually a Paying Company Code.
HB refers to a 'Bank Master' with unique Bank Key, Bank Number, Bank RTN as per Country's Banking Regulations. This Bank Master is created for a Country.
There is no currency in House Bank master. The Bank Accounts would have their unique currency. This is the actual currency we have our Bank Account with said Bank.
Now, since HB is created for a Company Code, you can use this Company Code as Paying Company Code for CA Vendors. CA Vendors would be paid CAD (check payment configuration). However, this would post inter-company transaction between CA Company Code and US Paying Company Code.
I hope this clarifies the subject matter and helps you resolve your query.
Kalpesh
| | | ---------------Original Message---------------
From: syed-khalid
Sent: Thursday, December 23, 2010 9:23 AM
Subject: House bank - Can it be used by different companies in different countries
Hi All,
I need help with House bank set up. We want to expand to canada so we are trying to create a local bank with operating currency CAD for all local operating expenses.
For material procurement, the group has vendors who are in the US and being paid in USD by the group bank in USA.
Can i use the same bank in canada and create a po in canadian purchase org and use the same group house bank ? If No .. why not .
Please help
Thanks
Kal |
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| |  Kalpesh Jain
SAP Accounting Helper
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