A theory of “subalgebra basis” analogous to standard basis (the generalization of Gröbner bases to monomial orderings which are not necessarily well orderings [1]) for ideals in polynomial rings over a field is developed. We call these bases “SASBI Basis” for “Subalgebra Analogue to Standard Basis for Ideals”. The case of global orderings, here they are called “SAGBI Basis” for “Subalgebra Analogue to Gröbner Basis for Ideals”, is treated in [6]. Sasbi bases may be infinite. In this paper we consider subalgebras admitting a finite Sasbi basis and give algorithms to compute them.