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Configuring SAP® ERP Financial and Controlling by John Burger, Peter Jones

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House Banks and Accounts

The first step in configuring the A/P submodule is to create house banks, which are the banks your company uses for banking purposes. A house bank can have several bank accounts linked to it. As part of the reengineering phase of your project, it is important to analyze which and how many banks and bank accounts your company uses. As part of your SAP implementation, and the typical review of business process, now is a great opportunity to rationalize your bank account population.

A unique bank key identifies each house bank. Bank keys vary in form from country to country. In the United States, the bank key is known as the American Bankers Association (ABA) number. Normally, the system is set up so that each house bank ...

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