You initiate the process of opening a bank account in SAP by submitting a bank account application through the relevant SAP app.
Here's a breakdown of the process:
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Submit a Bank Account Application: Use the Submit Bank Account Applications app in your SAP system. This application will contain all the necessary details for the new bank account.
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Approval Process: The submitted application then goes through an approval workflow. Approvers will use the Approve Bank Account Applications app to review the details and either approve or reject the application.
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Inactive Bank Account Creation: Upon approval, the system automatically creates an inactive bank account record. This means the account exists in the system but isn't yet fully operational.
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Further Processing and Activation: You'll use the Manage Bank Accounts app to complete the bank account setup. This includes configuring specific settings, assigning relevant GL accounts, and ultimately activating the bank account for use.
In summary, opening a bank account in SAP is a multi-step process involving submission, approval, creation, and activation, managed through specific SAP apps.
