Quick Answer: What Is SAP Feba?

What is balance sheet reconciliation in SAP?

Balance Sheet reconciliations in SAP should be current and done regularly.

The reconciliation must provide accurate insight and information to the account – and not just a listing of line items or balances carried forward.

Anomalies on the accounts should be looked for and highlighted on the reconciliations..

What is SAP interpretation algorithm?

This algorithm interprets the values in the note to payee fields of the electronic bank statement as either document numbers or reference document numbers. … It checks whether the values fall within the document or reference document number ranges you entered when importing the bank statement.

How do I set up EBS?

Create transaction type – Transaction type contains the external transaction type….Following are the basic requirements for setting up EBS in SAP:House Bank.Bank file in specified format.SAP Configurations for EBS.Set up connection between SAP and bank for file transfer mostly secured (sFTP)SAP automated batch set up.

How do you perform a bank reconciliation in SAP?

ProcedureFrom the SAP Business One Main Menu, choose Banking Bank Statements and External Reconciliations Manual Reconciliation . … In the Account Code field, select an account code. … Choose OK. … Select the transactions to be cleared. … If the value in the Difference field is not zero, do one of the following:More items…

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 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 are SAP account symbols?

The account symbol is defined by the user during Customizing. It specifies which G/L account is posted to. You create the prerequisites for this when creating your house banks. Here you maintain the bank details and the accounts that you have at your house bank.

What is the use of 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. When we execute this transaction code, SAPLNEW_FEBA is the normal standard SAP program that is being executed in background.

How reconciliation is done?

To do a bank reconciliation you would match the cash balances on the balance sheet to the corresponding amount on your bank statement, determining the differences between the two in order to make changes to the accounting records, resolve any discrepancies and identify fraudulent transactions.

Which is the external type of reconciliation?

4/ External Reconciliations In SAP Business One you have three options for performing external reconciliation: Reconciliation, Manual Reconciliation, and the Bank Statement Processing.

How does SAP EBS work?

EBS is just another way of posting your documents in mass instead of posting it manually using either FB50 or F-02 etc… Bank sends you the Bank statement in electronic format ….you confiugure your EBS in SAP… … 5 or FF_5 and upload the file ..all the items in the EBS are posted as individual documents in SAP….

What is SAP EBS?

Electronic bank statement (EBS). If your bank sends the statement in the format of electronic file, you can import that file using the special tools. Usually you run transaction FF_5 or FF. 5 to import such bank statement. There are various bank statement formats available for automatic processing by 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.

What is mt940 format in SAP?

An MT940 is a standard structured SWIFT Customer Statement message. In short, it is an electronic bank account statement which has been developed by SWIFT. It is a end of day statement file which details all entries booked to an account.