Basic Bank Account Management (BFA)

Basic Bank Account Management (BFA)

With Basic Bank Account Management, cash managers and bank accountants can centralize the management of bank accounts using bank account master data, using a table view of banks and bank accounts.

Bank account master processing includes:

• Creating a bank account

• Changing a bank account

• Closing an obsolete bank account

• Reopening a closed bank account

Key Process Steps Covered

  • Manage bank and bank account master data with direct revision activation (Create/change/close/reopen bank account)

Benefits

  • Manage bank and bank account master data centrally
  • Upload and download bank accounts freely

Where is Basic Bank Account Management(BFA) being used?

This Scope item is used in the following way:

  • As a support function of Treasury Management within Finance Scope Item Group

Process flow of Basic Bank Account Management (BFA)

Find below the process flow of the scope item Basic Bank Account Management as it is defined for release s4h-2021.


Download Process Flow of Best Practice scenario Basic Bank Account Management (BFA) - S/4HANA OP
Ref: Finance of SAP S4H-2021
Best Practices related to S/4HANA*1) Yearly Updates are released per September of each year
*2) The Quarterly updates are released per Februari, May, August and November
Details of future releases can be found in the SAP Roadmap section of each product. Go to SAP Roadmap Product Finder.
Knowledge Center Scheer Nederland | The Process Experts Visit also the SAP Cloud ERP knowledge center of Scheer Netherlands. The following topics are covered:
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