Bank Clearing Accounts

Question

Can someone please tell me which account group do the clearing accounts for bank in sap fall under.
(For eg, from one bank account you do payroll and ap checks)
Another question, do we need clearing accounts for wires, ach or only we need to have clearing accounts for checks? Please confirm.
Third question, if there are no checks, wires or ach from a bank then do we need to maintain the clearing account. If not then what do we put in the in the bank determination for sub accounts. Or is it that we dont need to have anything set up bank determination?
Looking to get the answers for all three

Answer 1

Hello Lakshmi,
1. Accountgroup clearing accounts bank
Recommendable is Accountgroup CASH, but you can even choose i. e. BS for Balance sheet. Normally the accounting department decides which accountgroup is relevant.
Very Important: activate open item management and line item display.
2. Different clearing accounts
I recommend min. one account for outgoing cheques and one for outgoing wires/banktransfers. Depending on the way you post incoming payments you need one account for incoming cheques and another for banktransfers/wires/direct debits.
Cheques should always be managed with a separate subaccount, just to enable a clear presentation of the chequeregister. Other electronical payments can be posted to another account.
3. outgoing automatical payments
If automatical payments are not used (cheques, wires, ach....) you don't need subaccounts.
If you use automatical payments: never allocate the GL-Bankaccount directly in the accountdetermination of the paymentprogram because the accountancy can not post the bankstatement correctly. Always use subaccounts in the customizing of the paymentprogram.
Hope this makes the banksubaccounts a littler clearer for you.
Best regards
   Horst