Create Bank - FI01 (FI01)

 

When To Do This

Perform this procedure when a new bank must be set up in SAP manually.  The Competency Center updates bank data monthly via an import of third party data.  However, should a bank need to be added mid-month or not be included in the third party data, it can be added manually using this transaction.

Additionally, there will be no third party source for non-US bank data, thus all non-US banks must be created manually.

 

Business Process Overview
Transaction FI01 is used to create a new bank in SAP.  That bank can then be used as the basis for creating new House Bank and Bank Account records.  Two additional transactions are closely related to FI01:  FI02 is used to change details of a bank that has previously been created and FI03 is used to display details of a bank that has previously been created.

 

Input - Required Fields	Field Value/Comments
Bank Country	Country in which the bank is domiciled.
Bank Key	For US banks, the Bank Key is the ABA routing number.  For non-US banks, the Bank Key is the SWIFT code.
Bank Name	The name of the bank.
Region	Region where the bank is located.  For US banks, the region is the state in which the bank is domiciled.  For non-US banks, SAP provides a drop-down list of acceptable values based on the Bank Country entered.

 

Output - Results	Next Steps
A bank is created in SAP.	This bank can be used to create House Bank and Bank Account records.

 

Key Notes

·         An ABA routing number (US banks) or SWIFT ID (non-US banks) is needed to create a bank using transaction FI01. 

·         ABA numbers can be searched at http://www.fededirectory.frb.org/search_ACH.cfm.

·         SWIFT IDs can be searched at http://www.swift.com. 

Procedure

1.       Start the transaction using the menu path or transaction code.

      Create Bank : Initial Screen (1)

2.       As required, complete/review the following fields:

·         Bank Country

·         Bank Key

 

3.       Click  to continue.

      Create Bank : Detail screen

4.       As required, complete/review the following fields:

·         Bank name

·         Region

·         Street

·         City

·         Bank Branch

·         SWIFT code

 

5.       Click  to save.

      Create Bank : Initial Screen (2)

    The system displays the message "Bank US XXXX was created".

6.       You have completed this transaction.

Result

You have created a bank in SAP.  This bank can then be used to create House Bank and Bank Account records, if needed.

Comments

·         The need to manually set-up US banks in SAP is rare since the company is loading a third party bank database monthly.

·         There is no third party source for non-US bank data, thus all non-US banks must be created manually.