GL account structure for Banks

Hello folks,
Points available. I have read in a few places (SAP and "Configuring FI/CO" by Hurst & Nowak) that the best way to configure Manual or Electronic Bank stmts is by having a GL acct structure where there must be only 1 confirmed cash G/L acct with several bank clearing accts. For example,
GL Act. Descrip
100500 Main Bank Acct 1234567890
100501 INCOMING WIRES
100502 INCOMING CHECKS
100503 INCOMING ACH
100504 INCOMING LOCKBOX
100505 OUTGOING WIRES
100506 OUTGOING CHECKS
100507 OUTGOING ACH
I have several questions:
Is the structure above the best way? If yes, why? Is it because it is easier to audit?
My clients Bank GL structure is so confusing that I am finding it difficult to configure MBS, particularly where we have to Assign Accounts to Acct Symbols. Can I suggest to them that we change the structure?
How could I justify to them that it needs to change? Is this what SAP recommends?
Thanks!

Hi,
   The main account should always reflect the bank statement.
The sub-accounts have 2 main categories.
a) In transit items - items that from accounting viewpoint have to be reported eg checks issued, but not yet cashed.
b) Clearing accounts for EBS - These are set up so that the main account balance is always correct, even when the item can not be fully processed.
eg there is an incoming payment, but with insufficient details for the system to determine the customer. In this case with sub-accounts the system would post:-
    Dr Bank
    Cr   Clearing incoming payments
Without sub-accounts no posting would be created and the main account balance would be incorrect.
The sub-accounts have to be structured so that the symbolic accounts can be properly defined. How many you use depends on the business requirements.
Theorectically you only need 2 ( in transit & EBS clearing), but this is inadvisable
as it makes error checking and reconcilliations difficult.
Kind regards

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Requirement is very clear,
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As of now, we have OKB9 set up maintained for Bank charges at Co Cd level and it is posted to the same GL A/c.
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Interesting requirement. This can be achieved through Search String as suggested by Mr. Shanid.
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< MODERATOR: Message locked. Please read [this|Before you post: Rules of Engagement; before posting next time. use an appropriate subject... something other than what was copied from an email would be appreciated. >
Hi Friends,
When i am doing T.Code F-58 i am getting an error of
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GL account structure for Banks

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