House

in automatic payment programme what is the main useage of the house banks, what is the main difference between bankmasterdata, and house banks.

Hi,
Every Bank that is used in SAP (Whether as House Bank,Customer or Vendor Bank) must contain bank master data.Bank Master data is maintained centrally in SAP and can be uploaded from one of the country's Banking organisation.But it must be updated regularly.Banks that are used by your company are defined as house banks.It contains bank master data,information relating to electronic payment transactions,bank accounts per house bank and GL account per bank account.
Award points if found useful.
Thanks
Regards
P.Satish

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