bank key and bank number

[Former Member]

Dear experts,

What is the significance of maintaining bank key in vendor master? Can multiple bank codes/numbers be assigned against one bank key or do I have to create as many bank keys as there are bank codes/numbers?

What is the corelation between bank key and bank code or bank number?

Thanks in adv,

Vijaya

[Former Member]

Hi

Bank Key used to identify the House Bank. Generally we manage banks using Bank Number.

The Bank Number is used as Bank Key

In case of absense of Bank Number, the transactions will be done using Bank Key

We can't maintain multiple bank numbers/bank keys

we maintain bank key in vendor master, it is mandatory in ecc6 to if you do automatic payment to vendors.

Hari P