Bank Accounting Q&A

Bank Accounting:

How is Bank Reconciliation handled in SAP?

The bank reco typically follows the below procedure:

First, the payment made to a Vendor is posted to an interim bank

clearing account. Subsequently, while performing reconciliation, an entry

is posted to the Main Bank account. You can do bank reconciliation

either manually or electronically.

How do you configure check deposit?

The following are the steps for configuring check deposit:-

Step1: Create account symbols for the main bank and incoming check

account.

Step2: Assign accounts to account symbols

Step3: Create keys for posting rules

Step4: Define posting rules

Step5: Create business transactions and assign posting rule

Step6: Define variant for check deposit

What is the clearing basis for check deposit?

In the variant for check deposit we need to set up the following

a) fields document number ( which is the invoice number),

b) amount

c) Short description of the customer.

The document number and the invoice amount acts as the clearing

basis.

How do you configure manual bank statement?

The following are the steps for configuring manual bank statement:-

Step1: Create account symbols for the main bank and the sub accounts

Step2: Assign accounts to account symbols

Step3: Create keys for posting rules

Step4: Define posting rules

Step5: Create business transaction and assign posting rule

Step6: Define variant for Manual Bank statement

How do you configure Electronic bank statement?

The steps for Electronic Bank Statement are the same except for couple

of more additional steps which you will see down below

Step1: Create account symbols for the main bank and the sub accounts

Step2: Assign accounts to account symbols

Step3: Create keys for posting rules

Step4: Define posting rules

Step5: Create transaction type

Step6: Assign external transaction type to posting rules

Step7: Assign Bank accounts to Transaction types