{"id":77,"date":"2017-04-16T02:10:27","date_gmt":"2017-04-16T02:10:27","guid":{"rendered":"http:\/\/www.gologica.com\/blog\/?p=77"},"modified":"2025-04-06T03:34:13","modified_gmt":"2025-04-06T03:34:13","slug":"sap-is-banking-interview-questions","status":"publish","type":"post","link":"https:\/\/www.gologica.com\/elearning\/sap-is-banking-interview-questions\/","title":{"rendered":"SAP IS Banking Interview Questions"},"content":{"rendered":"<p><strong>What is a house bank? What information does it contain?<\/strong><\/p>\n<p>A house bank refers to the bank a company uses for receivables and\/or payments. It is any bank with which your company code does business. Each house bank contains a company\u2019s bank accounts. It also contains a bank key that defines the address and control data for the bank. The house bank establishes a link between the various G\/L cash accounts and the actual bank accounts.<\/p>\n<p><strong>How does data enter the bank directory?<\/strong><\/p>\n<p>Automatically, if master data exists for the Bank Directory on tape or disk. Data can also be manually entered when creating a customer or vendor master record, a one-time account, or by directly creating an account.<\/p>\n<p><strong>How is Bank Reconciliation handled in SAP?<\/strong><\/p>\n<p>The bank reco typically follows the below procedure: First, the payment made to a Vendor is posted to an interim bank clearing account. Subsequently, while performing reconciliation, an entry is posted to the Main Bank account. You can do bank reconciliation either manually or electronically.<\/p>\n<p><strong>Describe the Account ID.<\/strong><\/p>\n<p>Each of the bank accounts created within a house bank must be assigned a unique freely definable five-character Account ID. The Account ID is used for the payment program specifications and in the account master records to refer to the bank account.<\/p>\n<p><strong>How do you configure manual bank statements?<\/strong><\/p>\n<p>The following are the steps for configuring a  manual bank statement:-<br \/>Step1: Create account symbols for the main bank and the sub-accounts<br \/>Step2: Assign accounts to account symbols<br \/>Step3: Create keys for posting rules<br \/>Step4: Define posting rules<br \/>Step5: Create a business transaction and assign a posting rule<br \/>Step6: Define variant for Manual Bank statement<\/p>\n<p><strong>How to create Bank Master Data?<\/strong><\/p>\n<p>This can be created through T.Code FI01 or you can also create the house bank through IMG\/FA\/Bank accounting\/Bank account<\/p>\n<p><strong>How to configure Electronic Bank Statement (EBS) in SAP?<\/strong><\/p>\n<p>Configure Global Settings for EBS (IMG)<\/p>\n<p>Create Account Symbols<br \/>Assign Accounts to Account Symbols<br \/>Create Keys for Posting Rules<br \/>Define Posting Rules<br \/>Create Transaction Types<br \/>Assign External Transaction Types to Posting Rules<br \/>Assign Bank Accounts to Transaction Types<\/p>\n<p><strong>Explain briefly how you can import electronic bank statements into SAP.<\/strong><\/p>\n<p>A text file is received from the bank which is then uploaded into the SAP system. The file contains details of the company\u2019s bank movements e.g. cheque, bank interest, bank charges, cash receipts, etc. Depending on the system configuration SAP will attempt to book these<br \/>transactions automatically to the correct accounts to avoid the need for manual entries by SAP users. Any postings that the system cannot derive automatically can be booked through \u201cpost-processing\u201d<\/p>\n<\/p>\n<figure class=\"wp-block-table aligncenter\">\n<table class=\"has-fixed-layout\">\n<tbody>\n<tr>\n<td class=\"has-text-align-center\" data-align=\"center\"><strong><em>Learn more information from the GoLogica &#8220;<a href=\"https:\/\/www.gologica.com\/course\/sap-bpc\/\" target=\"_blank\" rel=\"noreferrer noopener\">SAP BPC TRAINING | Online Training<\/a>&#8220;<\/em><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p><strong>How do you configure manual bank statements?<\/strong><\/p>\n<p>The following are the steps for configuring a manual bank statement:-<br \/>Step1: Create account symbols for the main bank and the sub-accounts<br \/>Step2: Assign accounts to account symbols<br \/>Step3: Create keys for posting rules<br \/>Step4: Define posting rules<br \/>Step5: Create a business transaction and assign a posting rule<br \/>Step6: Define variant for Manual Bank statement<\/p>\n<p><strong>What is the clearing basis for a check deposit?<\/strong><\/p>\n<p>In the variant for check deposit, we need to set up the following<br \/>a) Fields document number (which is the invoice number),<br \/>b) Amount<br \/>c) Short description of the customer.<br \/>The document number and the invoice amount act as the clearing basis.<\/p>\n<\/p>\n<p><strong>Related Articles:<\/strong><\/p>\n<p>\ud83c\udfaf <a href=\"https:\/\/www.gologica.com\/elearning\/who-uses-sap-bpc\/\">Who uses SAP BPC?<\/a><br \/>\ud83c\udfaf <a href=\"https:\/\/www.gologica.com\/elearning\/sap-lumira-interview-questions-and-answers\/\">SAP Lumira Interview Questions and Answers<\/a><br \/>\ud83c\udfaf <a href=\"https:\/\/www.gologica.com\/elearning\/sap-variant-configurationvc-interview-questions-and-answers\/\">SAP Variant configuration(VC) Interview Questions and Answers<\/a><br \/>\ud83c\udfaf <a href=\"https:\/\/www.gologica.com\/elearning\/sap-c4c-technical-interview-questions-and-answers\/\">SAP C4C Technical Interview Questions and Answers<\/a><br \/>\ud83c\udfaf <a href=\"https:\/\/www.gologica.com\/elearning\/sap-srm-interview-questions\/\">SAP SRM Interview Questions<\/a><br \/>\ud83c\udfaf <a href=\"https:\/\/www.gologica.com\/elearning\/sap-production-planning-interview-questions\/\">SAP Production Planning Interview Questions<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is a house bank? What information does it contain? A house bank refers to the bank a company uses &hellip;<\/p>\n","protected":false},"author":1,"featured_media":2111,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"pmpro_default_level":"","footnotes":""},"categories":[15232],"tags":[],"coauthors":[182],"class_list":["post-77","post","type-post","status-publish","format-aside","has-post-thumbnail","hentry","category-other-segments","post_format-post-format-aside","pmpro-has-access","user-has-not-earned"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SAP IS Banking Interview Questions - GoLogica<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gologica.com\/elearning\/sap-is-banking-interview-questions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SAP IS Banking Interview Questions - GoLogica\" \/>\n<meta property=\"og:description\" content=\"What is a house bank? 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