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Bifurcation of GL Accounts in House Banks

Hi All,

In definition of a House Bank we can have a main GL account for that particular House Bank and seperate GL Accounts for collections, payments, others, etc. They do not exist in the actual Bank but only exist in system for bifurcation of the transactions. But the balance of the main GL accounts needs to confirm with the actual Bank Account balance. But since there are seperate accounts for collections, payments, etc the balance of all the accounts will need to be transferred to the main GL account. I am not clear as to how this will happen. Will that be done manually or there are some settings in SAP which will do that activity?

Thanks and Regards,

Sameer

Former Member
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