Banks
Bank master data is contained in the bank directory. It includes bank address data and control data such as the SWIFT code (Society for Worldwide Interbank Financial Telecommunication) and the bank group.
You must set the corresponding flag for post office bank accounts.
The bank directory must contain master data on all the banks that you require for payment transactions with your business partners. This includes your house banks and the banks of your business partners.
There are two ways to create the bank directory:
automatically
If you have the master data for the bank directory on tape or disk, you can import it into the System using a special program. You can generally obtain a national bank directory on a data medium from one of your country's banking organizations. You should update the bank directory regularly. The System contains a program for Switzerland , Germany , Italy and Spain which transfers the bank directory into the System.
manually
You can use one function to create master data for all banks.
You can enter the master data of your business partners’ banks when maintaining master data. When you create a vendor or a customer master record, or enter a document for a one-time account, the System automatically branches to the screen for maintaining the bank directory if you specify bank details which are not contained in the directory.
You can define the master data of your banks in Customizing.
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