One bank account & multiple geographical bank collection centers

[VigneshAvasarala]

Dear Experts,
Good day!

Query:
Business has one bank account & multiple bank collection centers at different geographical areas where the customers deposits the funds which is received in the main bank account. How to handle this scenario in SAP S4HANA Public Cloud? Some questions are:

1) Can we create these collection centers as bank accounts & map them to customers from respective geographical locations? Ex: Collection Center at Location A is created as a bank account in SAP and this data is mapped to the Customer Master (under Bank details), say, Customer 001 who is from this location.

2) How does the entry to the Main Bank Account gets posted from the Bank Collection Center Account?

3) How bank reconciliation is done in this context?

Kindly guide me to structure this requirement in SAP S4HANA Public Cloud.
Thank you!

Regards,
Vignesh Avasarala
SAP Presales Consultant (Finance) 
SAP S/4HANA Cloud Public Edition @vsvaradha 

[Enda]

Adding tag SAP S/4HANA Cloud for Finance

[OwenLiu]

Informed expert.

[Amy_Niu]

Hi Vignesh,

Thanks for your question! I discussed your question with our PM @william_cao but we don't understand why would you like to set up different collection centers and their own bank accounts. Could you please provide more information about the use case here?

Regarding your question about the reconciliation process, please refer to Accounts Receivable (J59) for more information. Process Navigator - SAP for Me 

[VigneshAvasarala]

Hi @Amy_Niu ,
Good day! Thank you for your response.

The use case given by our customer is that they have one main bank account which provides multiple virtual accounts (at collection centers located across different geographical locations) assigned to respective customers. When the amount is deposited by the customer at those respective collection centers, it is received into the main bank account. I would like to know how to handle this scenario in SAP S4HANA Public Cloud?
Thank you!

@vsvaradha