The introduction of Cash Account type with SAP S/4 HANA 2022 has brought about a significant change in the way GL master data is created for house banks and bank accounts. With the old method, creating GLs was quite tedious as 3 unique GLs were required for each house bank and account ID combination. This means that for 3 bank accounts, a total of 9 GLs would be required, and this number could skyrocket to 150 GLs for clients with 50 bank accounts, irrespective of the payment method. The new method, however, eliminates the need to create 3 unique GLs per house bank and account ID combination. The introduction of Cash Account type in SAP is a welcome development that simplifies GL creation and enhances operational efficiency.
In this document you will find the steps required to configure Bank Reconciliation Accounts in SAP S/4 HANA with new method.
Download – SAP S/4 HANA: New Bank Reconciliation Account Configuration Guide [PDF]