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Object documentation Bank Subaccount Locate the document in its SAP Library structure

Definition

A G/L account that the system uses to record contingent liabilities for postdated checks that you present to a bank until the bank clears them. It denotes that the check has not been cleared.

Use

Customizing

Define the accounts in Customizing for Financial Accounting (FI), by choosing Bank Accounting ® Business Transactions ® Bill of Exchange Transactions ® Bill of Exchange Receivable ® Present Bill of Exchange Receivable at Bank ® Define Bank Subaccounts.

For each of the collection accounts that you have defined, enter a different bank subaccount.

Day-to-Day Activities

When you present a check to a bank, you specify which collection account the check is to be recorded in. The system automatically credits the check amount to the liability account that you have defined in the above Customizing activity.

When the bank clears the check or the check bounces, the system debits the same amount to the bank subaccount to clear it.

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