House Bank - Company has an account with house bank. House banks are assigned to the company code and are used in processing payment for the transaction. A single company code may have more than one House bank. Every house bank will have a bank ID. Every account at a house bank will have an account ID.
Scenario - 1
House Bank >> SBI Main branch
Account ID's >> Current A/c No.1 Current A/c No.2 Current A/c No.3
(we have 3 Current A/c's)
Scenario - 2
House Bank >> SBI Main branch SBI Kamripet branch
| |
Account ID's >> Current A/c Current A/c
(we have one Current A/c's in each branch)
House banks are created branch wise
Configuration Settings for House Bank
1. Creation of G/L Master
2. Define House Bank
3. Creation of Check Lots
End User Area
1. Purchase Invoice Posting
2. How to view Vendor Account Transactions
3. To view G/L Account Balances
4. Outgoing Payment with Clearing
5. Manual Check Creation
6. Display Check Register
7. Enter Check Encashment Date
8. Unissued/Unused Checks Cancellation
9. How to create Void Reason Code
10. How to Delete Check Encashment Date
11. How to Cancel Checks Issued
12. Cancel Payment
Scenario - 1
House Bank >> SBI Main branch
Account ID's >> Current A/c No.1 Current A/c No.2 Current A/c No.3
(we have 3 Current A/c's)
Scenario - 2
House Bank >> SBI Main branch SBI Kamripet branch
| |
Account ID's >> Current A/c Current A/c
(we have one Current A/c's in each branch)
House banks are created branch wise
Configuration Settings for House Bank
1. Creation of G/L Master
2. Define House Bank
3. Creation of Check Lots
End User Area
1. Purchase Invoice Posting
2. How to view Vendor Account Transactions
3. To view G/L Account Balances
4. Outgoing Payment with Clearing
5. Manual Check Creation
6. Display Check Register
7. Enter Check Encashment Date
8. Unissued/Unused Checks Cancellation
9. How to create Void Reason Code
10. How to Delete Check Encashment Date
11. How to Cancel Checks Issued
12. Cancel Payment