Bank key and bank number

Dear experts,
What is the significance of maintaining bank key in vendor master? Can multiple bank codes/numbers be assigned against one bank key or do I have to create as many bank keys as there are bank codes/numbers?
What is the corelation between bank key and bank code or bank number?
Thanks in adv,
Vijaya

Hi
Bank Key used to identify the House Bank. Generally we manage banks using Bank Number.
The Bank Number is used as Bank Key
In case of absense of Bank Number, the transactions will be done using Bank Key
We can't maintain multiple bank numbers/bank keys
we maintain bank key in vendor master, it is mandatory in ecc6 to if you do automatic payment to vendors.
Hari P

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Regarding Bank key and Bank account number

Hi All,
I have a query regarding Bank key and Bank account number.
I want to set bank account number length as 9 digits. so I set it @ below path
SPRO -> SAP NetWeaver-> General settings -> Set countries -> Set country specific checks.
I tried to change the bank account number length to 9 digits from existing 10 digits using transaction FI12.
But while changeing the bank account system throws an error like "Bank account number or bank number are not of valid length".
Can any one suggest solution on this?
Thanks in Advance!
Regards,
Nidhi

Dear Nidhi,
It seems that earlier bank account number contained 10 digits and then setting was changed to 9 digits that may be the cause of the error. Do one thing, go back to country setting and restore the bank account number digit to 10. Then make changes to bank account number to 9 digits. Make similar changes to all bank in your company code which has 10 digits.
Then go to country settings and make account number digit to 9 digit which will prevent bank account number to be 10 digits created in future.
Regards,
Chintan Joshi.

Difference of Bank key and Bank Account

Hi,
Can Some one guide me to unsderstand the maning of,
1) Bank Key and Bank Account in Vendor Master ?
2) Bank Key and Bank Account number in FI12 Tcode ?
3) Because My understanding is In FI12 T Code those are our company code banks thorugh which payment is done to Vendors correct me if Iam wrong.
Points will be awarde.
Regards,
Pallavi.

Hi Pallavi,
Press F1 help in the Bank key field, this is the information you find there:
Bank key 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.
Bank Account number is your account number in the respective Bank.
Please reward points if helpful.
Regards,
Sreekanth....

Check in vendor master record between Bank Key and Bank Account for Belgium

Hi all, just a request.
In Belgium the first three digits of the Bank Account are always equal to the Bank Key.
Unfortunately SAP does not check if they are different.
Is there a standard check or should I "offer" a custom control?
Thanks a lot !!!

Dear,
I checked right now in SPRO, but no validation with combination of Bank key and Bank account - that to particular first 3 digits not available. Option available is with ABAP Development.
Option 1.
You create Bank key using transaction FI01. Remove authorizations for FI01 from all users [Hope this already exists in your system].
In vendor master, if you enter Bank key - which also selectable with F4 option, if bank key manually entered and PRESS ENTER, one more new screen open to enter Bank data. That means after pressing enter system validating our entries in bank key with database and when not available, populating new window to enter new entries.
Now when ENTER pressed, suggest Development team to display an Error message 'Bank Key XXXXXXX not available'. By this user cannot enter a bank key as their wish.
Once valid bank key selected from selection screen - validate bank account entry first 3 digits of Bank key 3 digits entered. If not matched - Error message.
Option 2.
Simply remove authorizations for XK01, XK02, MK01, MK02, FK01, FK02 from all users and authorize only one user in creation of Vendor master who aware and take care of entries.
Regards,
Syed Hussain.

Bank keys and house bank creation

Hi
My company have 9 branches all over India. HO of my organization is in Bombay.
Now every branch have bank account in respective city. 5 are Current account and 5 are Cash Credit account. But all these bank accounts are in one bank only say Bank ABC...
So how many bank key and house bank should be created? I am confused. I tried reading documentation on bank key and housebank, but my confusion is still there.

Hi,
The number of house banks depends on the branches of the bank.
You need to open a separate house bank for each bank's branch. For this, create a bank key for the bank branch in FI01 and then assign this bank key into the house bank in FI12 (Or directly create the bank key in Fi12 also)
Then within this bank's branch, if you hold more than one account then create seperate account ID for each account in that house bank.
Separate house bank for each branch helps in the faster processing of bank interfaces for payment and receipt, because then it will use the correct SWIFT code etc for that branch assigned to bank key in house bank.
Regards,
Gaurav

Profit-center determination of bank subaccounts and bank accounts ; with new GL.

The question here-under has been asked a number of times on forums, though never answered really to my knowledge. Let me try to get it formulated once more :
- When a customer invoice is posted, the receivable is properly split per profit-center thanks to the active splitting solution.
- When the customer invoice is paid through a bank transfer, the following happens generally :
The bank statement posts a first area 'debit' bank and 'credit' bank sub-account on a default profit-center (this posting needs to happen first because SAP aims to have the 'bank' posted as quickly as possible 'in the morning' leaving the manual clearing activities 'in the afternoon').
The bank statement posts a second area 'debit' bank sub-account and 'credit' + 'clearing' receivable. There, the combination of passive splitting and inheritence makes sure that the profit center of the invoice receivable line items is also used for this entire posting.
- Manually or through automatic clearing, the bank sub-account gets cleared. Since the 2 sides have different profit-centers, the systems posts adjustment lines to the zero balance clearing account.
My question : for companies that want to achieve an entire balance sheet per profit-center, it is a problem that the bank account debit and bank sub-account credit are still with a default profit-center. I understand that the splitting solution in new GL does not offer a way to solve that. One needs to adjust the profit-center on the bank account and bank-subacccount with an allocation cycle in EC-PCA. Is my understanding correct or is there a better solution available in New GL ?
Thanks for your replies.
José Beghein

Hello Ronghua,
Many thanks for your reply. This note is extremely interesting and gives a lot of technical information on the differences between classic PCA and new GL PCA.
I nevertheless did not find clearly what is considered the best practice towards splitting bank account positions.
Kind regards.
José Beghein

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deactivate your installation on your old computer (help>deactivate).
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Bank Charge and Bank Overdraft Fees Master data

HI Expert,
When i am Running Bank Manual Reconciliation(FF67), I am not able to run successfully.i am getting error-there is no open item found for Bank Charge and Bank Overdraft fees.
however i made bank charge and bank overdraft fees as normal G/L. My question is that ,in real scenario how we maintain these two G/L,as normal or as clearing G/L(Open item Management in FS00).
Though i have tried in two before running FF67.
Bank Charge a/c Dr.
To SBI Check outgoing.
i have also maintain Posting Rule for bank charge and overdraft fess.
Thanks in Advance

Hi,
Bank charges and Overdraft fees will not be an open item account.
But your bank clearing account will be an open item account.
Error may be due to the incorrect posting rule defined.
Regards
SM

Record key and Line number

- What are the uses of 'record key' and 'line number' in the DTW template?

So It is like indexing the records? okie..
Let me tell you a scenario. Please tell me what would be the result.
scenario 1:
Items to be uploaded: 200
number of templates: 2 ( 100 items per template)
I define the record key 1- 100 for the 100 items in the first template
I also define the record key 1-100 (not 101 -200) in the second template
In this attempt, what will be the result? will the second template items update the first template items?

Bank Country and Bank Key?

Hi,
Two questions which I am not very clear.
1. For bank country, is the country the bank(branch) located at? For example, company in China have a vendor in US, and the bank of the vendor also in US, so the bank country should be US?
2. Bank key. I heard that some country had a bank directory, and all will use a same bank key. Is this right? In China, and Hongkong, I did not find a defined bank key list, and we use our own naming conversion to define the bank key.

Hello Kerry Liu,
Bank country is the field that identifies the country in which the bank is located.
The country key defines the rules according to which bank data, such as the bank and account numbers, is to be validated.
Bank Key-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.
Hope this helps. please assign points.
Rgds
Manish

Bank key and house bank

hi,
1) for bank ABC, it has many branhes through out the world. may i know if each country, this bank will have unique bank key regardless branches in this country?
say in china, it has 10 branches and all are using same bank key. correct?
2) house bank is by each branch. correct?
thanks

The bank key idnetifies uniquely the bank and the branch, otherwise the purpose of the bank key is defeated. So the bank key uniquely identify the bank and the branch in a country.

Electronic Bank Statement and Bank Accounts change...Statement Upload

Hi,
I have an issue with electronic bank processing.
Currently my client is using A100 company code and bank account 123456 gl code 45000 and they are updating bank statements through electronic bank statement.
Now they have activated A200 company code and they want to use same bank account 123456 and gl code 45000 in new company code and the entire electronic bank statements need to be updated into A200 and A100 company code will exist in sap but client dont want to use this.
What customizations need to be done in SAP and how system will come to know A200 company code need to be updated when they update electronic bank statement next time?
Is there any specific customization in sap that shifts company codes and gl codes for electronic bank statement uploads?
What will happen to historic data when the same gl codes are used with different company codes?
Once the F110 is executed there will be batch job which will run to upload file...do we need to change anything here....
Jaya.

Hello-
Are you saying going forward you are are not going to use A100 and start using A200? If so, from an EBS config standpoint, all you would have to do is use the same transaction type and remove the assignment of old company code & bank account + bank key to the transaction type and enter the new assignment to new company code.
Next, make sure to create all the bank accounts and clearing accounts in the new company code (assuming all the config related to bank is completed).
This is it. When you upload using FF.5, it will look at the bank account number from the upload file and look for the company code.
Hope this helps.
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Bank statement and bank clearing document splitting

Hi,
We have main bank and bank clearing accounts classified as cash category.
Our bank statement uses a Z document type that posts transactions such as:
- debtor to main bank
- vendor to main bank
- expense to main bank
- revenue to main bank
Thereafter, the bank clearing that is done between main bank and bank clearing account (so a cash to cash rule is needed based on the GL account classification)
We needed to use an unspecified posting rule to cater for the bank statement posting as the standard did not allow us to add vendor, debtor, expense, revenue as base item categories. But it doesnt allow us to add cash to cash.
How should we configure document splitting to cater for this?

Hi ,
First of all i hope you are clear with the concept of Incoming , otugoing and main bank account that we need to create 3 or more diffrent bank accounts for reconcilliation purpose .
the case here is that you cant to do a manual statement upload then in that case you will have to take care of following things .
How is the information transferred from FICA to FICO means along with the reconcilliation key what else information are you passing on to FI in the documents .
Secondly in the bank statement are you getting the reconcilliation key ??? or what information are you getting in the bank statement ???
because the integration of FI and FICA is the reco key and it becomes very crucial for you to have the same in the bank statement .
thirdly , Use the manual reconcillaiton functionality provided in FI for reconciling the same , where in you will have to configure the manual bank statement functionality and by using the T code ff67 you can reconcile it .
Hope this suffices the prupose .
Do revert back in case of any other queries .
cheers ,
dewang

Has anyone ever had an email from Apple asking them to update their details for their Apple account on IPad? Kinda worried as it asks for my bank details and bank account number and security code on the back of the card. Thanks :)

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That is phishing attack
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Bank code and lockbox number

Hi
I need to check whether a particular bank has been configured with a lockbox number. How to check (validate ) the lockbox number is attached to a Bank code ? This is kinda urgent. Any help will be appreciated.
Thanks
Satya

Satya,
If you go to OB10, you can see the lockbox #s assigned to the house banks and if you go to FI12 and enter the Co Cd and click on house bank info, you can see the house bank info.
Hope that helps..
Thanks,
Nandita

Bank key and bank number

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