Define House Bank in SAP

House bank of a company code is represented by a bank id through which you can process payment transactions. It is used for the purpose of the payment program, check deposits, automatic payment programs (APP), and bank reconciliation

  • A house bank in SAP is identified by a 5 character alphanumeric code. Each house bank ID is unique within a company code and a company code can have multiple house banks.
  • Each house bank in the SAP system is associated with a country key representing the country where the bank is located.
  • House banks can have more than one bank account id, account ID is unique for a specific bank ID and company code. The account ID is used for entering specifications for the payment program and for updating the G/L Account Master records

You can create a house bank in SAP by using the following navigation method

  • SAP R/3 IMG Path : – SPRO >> Financial accounting >> Bank accounting >> Bank accounts >> Define house banks
  • Transaction code : – FI12

Step 1 : –  Enter transaction code FI12 in the SAP command field and press enter

Enter the company code and enter

Define House Banks

Step 2 : – Click on “New Entries”

House Bank in SAP entriesUpdate the following fields

  1. House Bank: – Enter the 5-character alphanumeric code
  2. Bank Key: -Enter the Bank key  (Read more how to create bank key)
  3. Communication data:- Enter the telephone number and contact person

Define House Bank in SAP

Click on the save icon to save the configured data. Successfully you have created a house bank in SAP.

Bank Accounts

Click on the bank accounts option to maintain details of a bank.

house bank account id creation

In the next screen, Update the following details.

  • Account id: – Update the two digits account id
  • description: -Update the description of the bank id
  • Bank Account number: – Update your bank account number
  • Currency: -Update the currency of the bank account

bank accounts

After maintaining all the details, click on the save button to save the configured bank details in SAP.