Handling the Netting of Accounts
According to §10 RechKredV (German law), the balances of current accounts must be offset against one another if they are handled "as one account", meaning if they have the same conditions. In the current account system, you can depict this by using the netting group. This is then taken into consideration accordingly for general ledger transfer.
The netting group is a field in the account master data that you can enter as you wish. For transfer to the general ledger, the balances of all accounts with the same entry in this field are totaled and identified as a payable or receivable. It is also possible to change the netting group. The appropriate adjustment postings are then executed during the next balance sheet preparation.
To ensure correct netting, consider the following:
Netting can also take place cross-bank area. Note that in this case you must select all bank areas across which netting takes place for balance sheet preparation.
The accounts to be netted must be assigned to the same general ledger group.
A further prerequisite for correct netting is that the company codes in FI-GL in which the accounts are transferred are the same.
Note
Tip
You can find a report as a statement of the balances of all accounts pending for netting on the current posting date and a simulation of the corresponding netting by choosing
Information system
General ledger transfer
Netting: Overview of BCA accounts for netting.
