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Chapter 9 ■ Defining the House Bank
Table 9-1. Data to Define the HSBC Bank Account and House Bank
Field Name
Company Code
House Bank
Bank Country
Bank Key
Address Section
Account ID
Description
Bank Account Number
Currency
G/L
Bank Data
Enter your company code in this field.
HSBC1
Enter your country code in this field. For example, for Britain use GB or for
Germany, use DE.
Enter your bank unique sort code in this field.
Enter your bank address.
HSBC
HSBC Bank
Enter your bank account in this field.
Enter your country currency code in this field. For example, the currency code
for United States is USD and for Germany, it’s EUR.
Enter the G/L account you want to post your bank transactions in this field.
Bank Statements
A bank statement is a summary of financial transactions, such as incoming and outgoing payments that took
place during a given period on an account. This is the state of your cash position. SAP ERP supports two
types of bank statements: electronic bank statements and manual bank statements.
Before you create your electronic and manual bank statements, it is recommended that you first
create the following clearing accounts (refer to “Appendix A, Chapter 9, House Bank”), which your bank
transactions will be posted to:
Main Bank Account: As the name suggests, this is the general bank account
entered in the house bank master data. This account serves as a reconciliation
account that holds the bank account balance.
Checks Received: The checks you received for invoice amounts from your
customers or business partners for supplying them goods or for providing
services are posted to this account.
Other Interim Posting: Reconciliation items are posted to this account.
Check Issued out: Check payments made by your company to its creditors or
business partners for goods/services received are posted to this account.
Outgoing Wire Transfer: This is an electronic method of funds transfer from
your company to a business partner to mitigate due invoice(s). This is a very fast
way of transferring money from one person to another or from one company to
another.
Incoming Cash: Cash received by your company from business partners for a
business transaction are posted to this account.
Outgoing Cash: Cash payments made by your company relating to business
transactions to business partners are posted to this account.
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