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How Is Bank Reconciliation Done in SAP

Bank reconciliation in SAP involves several steps: 1) Creating bank master data, 2) Defining the house bank, and 3) Setting up bank selection for payment programs by configuring company codes, payment methods, and bank determination. The bank reconciliation statement is then created using transaction code FF67, making sure to start with a zero opening balance. Post processing is done using FBEA. Validation and testing includes verifying the correct house bank, payment method, check management, and bank reconciliation statement updates.

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10K views1 page

How Is Bank Reconciliation Done in SAP

Bank reconciliation in SAP involves several steps: 1) Creating bank master data, 2) Defining the house bank, and 3) Setting up bank selection for payment programs by configuring company codes, payment methods, and bank determination. The bank reconciliation statement is then created using transaction code FF67, making sure to start with a zero opening balance. Post processing is done using FBEA. Validation and testing includes verifying the correct house bank, payment method, check management, and bank reconciliation statement updates.

Uploaded by

ramkis
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as TXT, PDF, TXT or read online on Scribd
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How is bank reconciliation handled in SAP?

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The following are the steps for BRS:
1. Create Bank Master Data - This can be created through T.Code FI01 or
you can also create the house bank through IMG/FA/Bank accounting/Bank accoun
t
2. Define House Bank
3. Set up Bank selection payment programe- IMG/FA/ARAP/BT/AUTOIP/PM/Bank selecti
on for payment prg.
a. setup all co codes for payment transaction - Customer and vendors
b. setup paying co codes for payment transactions
c. setup payment method per country
d. setup payment method per co code for payment transaction
e. setup bank determination for payment transaction
For Cheque mangement use T code FCHI (IMG/FA/ARAP/BT/OP/AutoOp/PaymentMedia/Chec
kManagement) and for void reasons FCHV.
You can create Bank Reconcilliation statement by TC FF67 (SAP/AC/Treasury/CashMa
nagement/Incomings/ManualBankStatement) .
Don't forget to keep the opening Balance as zero.
Use FBEA for post process.
All the steps together will lead to (FF67) Bank reconciliation statement.
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On the above following are the traditional items for validation & testing.
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1. Validate & Test if the correct house bank code is updated for the Invoice Pay
ments / Vendor Payments
and other settlements that happen.
2. Validate & test if the Billing, Invoicing, Revenues & expenses go under a spe
cific company code created or
towards the specific sales org + distrib channel & division. *We may need to
include the sales office too.

3. Validate & Test the payment method used in the transaction is properly update
d correctly.

4. IF CHECK is provided as a FOP (for current or future), then for check managem
ent we will have to use t-code TCHI
and validate the text for 'Valid check' or 'void check' with possible reasons
.

5. Validation of bank recon statement for Treasury, cashmanagement, incoming pay


ment updates.

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