Bank Sub-Accounts in SAP FICO

The charts of accounts included in the standard system contain a number of bank sub-accounts. There are bank sub-accounts for outgoing checks, incoming checks, outgoing wire transfers, and direct debits.

Bank sub-accounts make it easier to reconcile your actual bank account balance with the balance on your books, since outgoing and incoming payments are posted to the G/L bank account only after your bank actually debits or credits your account. Incoming and outgoing payments are posted to the G/L bank account once you receive the bank statement.

See also:

Requirements for Using Bank Sub-Accounts

Example: Posting a Customer Check