Intermediary Bank Accounts in SAP ByDesign

[Former Member]

Is it possible to specify intermediary bank accounts in SAP ByD for Suppliers?

For some of our overseas suppliers we have to specify both the intermediary bank and the final destination bank when creating the transfer in our banking system.

[manasa_a]

Hello Lee,

We would like to understand the scenario completely .Kindly explain the scenario in detail

Are you using the payment file to pay and looking to specify intermediary bank in XML file ?

Which is the payment format that you are using ?

Thanks & Regards,

Manasa

[fboeddecker]

I have the same situation with a customer as well and was wondering if the offer still stands to get in touch or if there is a solution to this issue by now.

[rkjassal]

Hi Guys

I have a similar situation where the client is asking how ByD can deal with Intermediary banks.

Scenario. Payment made to bank of supplier - funds flow through intermediary bank and then to supplier banks account.

How do this work in ByD.

Thanks

Raj

[Former Member]

Hi,

I'm not sure I explained fully.

This isn't an issue with G/L Determination. This requirement arises when we are making payments to a vendor and there are some intermediary banks involved between our bank and the vendors bank.

In ECC this would be achieved by configuring a Bank Chain.

Regards,
Lee

[lokesh2]

Dear Lee,

What you can do, when can stick to particular bank for making payments to a specific supplier.
If that is the case,

Activity > Charts of Accounts, Financial Reporting Structures, Account Determination > Account Determination > Change Subledger: Cash

Navigate to the subtab > Cash Receipt - In Transit , Cash Disbursement - In Transit.

So, you will know which <Account Determination Group for Cash> you have given in this activity and GL Account mapped in the Cash disbursement/receipt in-transit.

This way you will be able to give the clearing account and the actual bank gl account you are using to the banking system.

Thanks

Lokesh Sharma