Requirements for Using Bank Sub-accounts in SAP FICO

To use the sub-account methodology, you have to create the necessary accounts for each bank account that is used in payment transactions. You can review the charts of accounts delivered with the standard system to find out exactly which sub-accounts you require and how they should be set up.

Sub-accounts are usually kept on an open item basis and permit line item display to enable you keep track of whether or not a business transaction was cleared. For example, you can display the line items in the Checks Payable account to determine if a check you issued was cashed at your bank yet.

You can use the field status definition in the G/L account master record to design the screens for posting items to bank sub-accounts. For example, you will only need the fields Allocation number, Text, Value dates and Bank charges for subaccounts. You can hide any fields you do not require. This makes it easier to enter business transactions and prevents you from making incorrect entries. The Allocation field is specially designed for assigning items in a sub-account to each other. In a check clearing account, for example, you can enter the check number in this field. For further information on the Allocation field, see the FI Document Posting manual.

The payment program and the extended banking and treasury functions also use the sub-account methodology.