We have to give the Main Bank GL account number in the Clearing GL account as shown above. The New Account Type is “ Cash Account.” The main Bank account 11001100 in this example, must be created under this account type (Cash Account) with option B out of three three options shown in the pop-up window screen.īank Sub Accounts (Clearing Accounts) should be created using “S” Under this method, a new GL Account type can be found in FS00. Similarly, we will be able to use the same GL Accounts (Main Account, Bank Reconciliation Account and Sub-GL Accounts) for the new House banks we may create in the future. In this example, we can create only one GL Account like 11001100 instead of three Main GL accounts and assign the same to all three House banksīefore you assign a bank reconciliation account (Main Bank Account) to a house bank account, make sure that you have created the G/L account with the type Cash Account and subtype Bank Reconciliation Account.įor this bank reconciliation account (Main Bank account 1100100), we can create and assign bank clearing accounts for each of your payment methods. One set of G/L accounts for multiple House bank accounts (New Method)Īs per the new method, we can create a bank reconciliation account (Main Bank Account) that can be assigned to multiple house bank accounts. One set of G/L accounts for one House bank account (Old Method)Ģ. You can follow either the new method or the old method.ġ. In SAP S/4HANA 2020, There are two ways of creating the required sets of G/L accounts. We used to have a different main bank account for each House bank Account and similarly different set of Bank Clearing Accounts We used to create a new set of G/L accounts each time you needed to connect to a new house bank account. Therefore we can minimize GL Accounts by assigning one GL account for Multiple House banks. A General Ledger account with new GL Type (C) can be assigned to multiple House banks accounts. This helps to simplify payment processes and to cut down on the number of G/L accounts needed by creating just one bank. We can assign this to all relevant new house bank accounts that we create in the system. In this new version, we can create bank reconciliation accounts (Main Bank Account) that can be assigned to multiple house bank accounts. In SAP S/4HANA 2020, we can follow a new procedure.
We would create Sub-GL accounts to be able to process payments and receipts and Reconciliation process either automatically or manually. Up until the SAP S/4HANA 1909 version, when creating a new house bank account we would create a new G/L account as the main bank GL account.
SAP S/4HANA 2020: Bank Account Processing with Bank Reconciliation Accounts Introduction