House banks are the banks through which the company deals all the payments transactions. Each house bank of a company code is represented by a bank ID in the SAP system, every account at a house bank by an account ID.
Both house banks and normal accounts are same.
Each house bank in a company code is represented in the SAP R/3 System by a bank ID and each account maintained with a house bank is represented by an account ID.
You use the bank ID and the account ID in the SAP R/3
System to enter bank details. These entries are used to determine the bank
details for a particular payment for automatic payment transactions, for
example.
What is Bank Key?
You may have to ask the bank. It is the bank identifier.
In this field, you specify the bank key under which bank data from the respective country is stored.
When you define the country key, you also specify the country-specific definition of the bank key.
Normally, you manage banks using their bank number. The bank number in the control data for the bank is then displayed twice, that is, as the bank key too.
In certain countries, the bank account number takes on this function; then there are no bank numbers and the bank data is managed using the account number.
For data medium exchange, you may find it useful to be able to enter foreign business partners without a bank number, even if there are bank numbers in the country in question. In this case, the bank key can be assigned internally.
To manage bank data using another key, for example, the
SWIFT code, external number assignment can also be used.
Review Questions
1) Which of the following statements are correct ?
a. When creating a House bank, you do not need to specify
the country.
b. The payments program can use a different House bank
for each different payment method
c. A House bank account can be defined in more than one
currency
d. House bank master data must be created in advance,
before assigning the House bank to a payment method in the payment program
configuration
e. A house bank can be assigned to a business area within
the payment program configuration
2) In a Payment method definition
a. Define a maximum and min payment
b. Define house bank link
c. Define allowed currency for company code
d. Define allowed currency for country level
3) Which of the following statements about House banks are correct?
a. House bank is linked in all FI Accounting masters
b. House bank Account ID is linked in all FI accounting
masters
c. House Bank currency is controlled by Vendor master
d. Vendor Master currency controls AP payment
e. Payment method currency alone controls House Bank
account ID postings to GL
4) Which of the following statements about creating customer master records are correct?
a. An account group always gets assigned to a customer.
b. The company code is always a required entry.
c. The account number may be assigned by the user externally.
d. Information on each screen may be defined in configuration
as mandatory, suppressed or optional, depending upon the account group.
e. Information on each screen may be defined in configuration
as mandatory, suppressed or optional, depending upon the company code.
5) Which of the following order types are internal orders?
a. Capital investment orders for creating assets.
b. Maintenance orders.
c. Sales
orders for make-to-order function
d. CO production orders.
6) Which of the following statements are correct regarding Internal Orders?
a. Once an order has been released, only closing entries
can be made.
b. Transactions can be allowed or disallowed depending
in the order status.
c. Additional order status categories can be created
in the order master.
Correct Answers
1) b, d, e
2) a, d
3) a
4) a, c, d
5) a, b, d
6) b
