Hello Santhosh,
House Banks are the banks your company use for banking purposes. A house bank can have several bank accounts linked to it.
It is important to analyse which and how many banks and bank accounts your company uses.
A house bank is tied to a company code and each bank account is tied to a house bank.
One of the many benefits that the SAP offers is the ability to determine how much confirmed cash, floating cash out, and floating cash in there is for your company on any given day.
To accomplish this, you must form a strategy for the bank G/L structure with only only one cash G/L account with several bank clearing accounts, which explains why your company has the incoming and outgoing payment accounts.
Regards
Sulaiman
