Question: How Do I Set Up An Electronic Bank Statement In SAP?


Bank reconciliation statement is reconciliation between the account maintained by your company and the account maintained by the bank.

There can be some instances where both the accounts will not tally.

In sap you will be receiving two types of bank statement; Electronic statement..

How does mt940 work in SAP?

SAP have the features of Electronic Bank Reconciliation Statement (EBRS) process where you can directly upload the Bank Statement in a format called MT940. In this process SAP will upload statement automatically & at the same time will do sub-ledger posting & clearing.

How do I display bank statements in SAP?

FF_6 is a transaction code used for Display Electronic Bank Statement in SAP. This is commonly used in the component SAP Bank accounting (FI-BL) of the FI module.It comes under the package FIBBS. When we execute this transaction code, RFBASM00 is the normal standard SAP program that is being executed in background.

What is mt940 format?

MT940 is a format used by the SWIFT network to send and receive end-of-day bank account statements. ‘MT940’ (MT = Message Type) is the SWIFT standard (Banking Communication Standard) for the electronic transmission of account statement data.

What is a mt950?

Business Condition: MT950. This message type is sent by an account servicing institution to an account owner. It is used to transmit detailed information about all entries, whether or not caused by a SWIFT message, booked to the account.

What are the rules of posting?

The rules of contracts by post (postal rules) include the following:An offer made by post/letter is not effective until received by the offeree.Acceptance is effective as soon as it is posted.For revocation to be effective, it must be received by the offeree before they post their letter of acceptance.

What is the difference between mt940 and mt942?

Whereas the MT940 is an end-of-day statement, the MT942 is an interim statement containing incremental transaction details from the last interim statement generated. CBD’s MT940 and MT942 conform with SWIFT standards using the Unstructured Format.

What is Feban in SAP?

FEBAN is a transaction code used for Bank statement postprocessing in SAP. This is commonly used in the component SAP Bank accounting (FI-BL) of the FI module.It comes under the package FTE_NAD.

How do I upload an electronic bank statement in SAP?

To upload the incoming bank statement T CODE – FF. 5 or program RFEBKA00 is used and depending on your requirement select the selection screen parameters. Uploading of Bank Statements into SAP can be done in various formats.

What is electronic bank statement in SAP?

As a central component of payment transactions in the SAP system, the Electronic Bank Statement (FI-BL) supports you in the processing of incoming payments. Various procedures and transfer programs, for example MultiCash, are used to transfer the data from the bank to the customer. …

What is posting rule in SAP?

External transactions must be assigned to a posting rule in electronic bank statement Customizing. The system uses the posting rule to determine which bank or subledger accounts to post to. Posting rules are represented in the system by a non bank-specific code (for example, 0001 for debit memos).

What is external transaction type in SAP?

Definition. External transactions (also known as business transaction codes) are bank-specific codes for business transactions, each of which involves a different type of payment. The external transaction code is issued by banks in the electronic account statement.

What is electronic bank statement?

An electronic version of a bank statement is known as an electronic statement or e-statement and allows account holders to access their statements online where they can download or print it. Some banks email statements to customers as an attachment.

What is manual bank statement in SAP?

Manual bank statement (MBS). If you get your statement in a paper format or the format that cannot be automatically imported into SAP, you have an option to enter the statement details manually using the SAP transaction FF67.