What is the clearing basis for check deposit in SAP?

In the variant for check deposit we need to set up the following
a) fields document number ( which is the invoice number),
b) amount
c) Short description of the customer.
The document number and the invoice amount acts as the clearing
basis.

How do you configure check deposit in SAP?

The following are the steps for configuring check deposit:-
Step1: Create account symbols for the main bank and incoming check
account.
Step2: Assign accounts to account symbols
Step3: Create keys for posting rules
Step4: Define posting rules
Step5: Create business transactions and assign posting rule
Step6: Define variant for check deposit

How is Bank Reconciliation handled in SAP?

The bank reco typically follows the below procedure:
First, the payment made to a Vendor is posted to an interim bank clearing account. Subsequently, while performing reconciliation, an entry is posted to the Main Bank account. You can do bank reconciliation either manually or electronically.