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Chapter 9 ■ Defining the House Bank
Company Code
A Company Code can have more than one House Bank.
. A Bank Account is represented in SAP R/3 as a House Bank.
A house Bank has its own unique House Bank ID and Bank
Account Key.
House Bank 1
House Bank 2
House Bank 3
House Bank ...
Master Record
Master Record
Bank Data
. House Bank Data
Communication Data
. Control Data
Bank Data
. House Bank Data
Communication Data
. Control Data
Figure 9-1. The structure of a house bank in SAP R/3
Each house bank has its own master record that’s stored centrally in the bank directory. The master data
that’s stored in the bank directory is made up of the following sections:
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• Bank Account Data section: This section contains your company code bank account
number, which is a unique account number issued by your bank to you. Your
company code IBAN (International Bank Account Number) is an internationally
recognized account number used for international transaction payments. Your
company code local currency is the currency used by your company code. A G/L
account number is assigned to your bank’s G/L account.
• House Bank Data section: Contains bank currency, which is the currency used by
your bank. A bank key, which is sometime referred to as your bank sort code, is a
unique identification code for your bank.
• Communication Data section: Contains telephone and contact persons at your bank.
• Address section: Contains your bank address details, including your bank name,
region, street, and city.
• Control Data section: Contains a Bank Account Number, SWIFT (Society for
World-Wide Interbank Financial Telecommunication) code, and so on. The SWIFT
code is used for identifying banks in international payment transactions. The first
four characters contain the bank code (alphabetical characters only). The next two
characters contain the ISO (in numeric digits) and two alpha digits for the country code.
• EDI section: EDI stands for Electronic Data Interchange and is used to process
electronic business transactions between different applications.
• Data Medium Exchange (DME) section: Enter general data for data medium
exchange in this section. These are predefined file formats that meet the
requirements of your financial institution. DME allows the system to send and
receive data in DME format.