Answer / hannah

Hi,
A House Bank is a combination of a Bank and a Branch.
Account id is the account number. A house bank can have
multiple account IDs..

General Ledger accounts have to be created for each account
ID in the house bank. Bank Account Master data will be
maintained by the Finance Department centrally.

Each house bank and account ID combination shall have one
main general ledger account and several sub accounts mainly
based on broad transaction types. These sub accounts are
necessary to facilitate automatic bank reconciliation
process in R/3 system.

Answer / venkatareddy

House bank is the group of banks means the company is
maintaining 10 bank accounts these 10 a/cs will be maintain
by 1 house bank. Each bank GL can be assign to house bank and

account id is to make the reference for payment program
House Bank Master in SAP is created to capture the Branch
details of your bank like branch address, swiftcode etc.

Where as Account Id represents the account number in you
bank branch.

So There can be many account id's under one house bank
(as in one bank you can have local currency account and
foreign currency account or savings account and current account)

Explain an account group. What does it control?

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