Professional Documents
Culture Documents
Enter Type, Category and Name of the payable responsibility name and click on GO.
Click on Update.
Click on Security Wizards.
Select Bank Account Grants Use and Maintenance and Bank Account Transfers and then click on
Apply.
Click on Apply.
2. Define Bank.
Navigation: Payable Manager --> Setup --> Payments --> Bank and Branches.
Click on Bank tab.
Click on Create.
Enter the Country and Bank Name and then click on Save and Next button.
If you want enter the bank address then enter required the information.
Click on Finish
Define Branch:
Click on Create Branch.
Click on Continue.
Enter Branch Name Branch Type and then click on save and next button.
Enter the branch address details and then click on save and next button.
Click on Continue.
Select the Legal entity and Enable modules which we want to use this bank account.
Click on Next.
Enter the Bank account Name, Number and currency and then click on save and next.
Enter the cash and cash clearing accounts and then click on save and next button.
Enable Account use for Payable and Receivables and Organization Name and then click on
Continue.
Click on Apply.
Click on Finish.
Define the suppliers and supplier sites that use the bank account to receive electronic
payments.
To define a supplier bank account:
1. In the Banks window query an existing Bank.
2. Choose the Bank Accounts button. Enter the Bank Account Name and Bank Account Number.
Enter the EDI ID number. Optionally enter an Account Type and Description. Optionally change
the account currency, which defaults from your functional currency. If you want to use Bank
Account validation, enter Check Digits.
3. Select Supplier as the Account Use.
4. In the Supplier Assignments region list the supplier, and optionally list supplier sites, that use
the account to receive electronic payments.
5. Optionally enter account holder information in the Account Holder region. Optionally enter
contact information in the Account Contacts region.
6. Save your work.
7. In the Bank Accounts region of the Suppliers and Supplier Sites windows, verify for each
supplier and site that all appropriate bank accounts are listed. For suppliers and supplier sites
with multiple bank accounts, designate as the primary bank account one bankaccount per period
and per currency.
Defining Multiple Currency Bank Accounts
If you define a multiple currency bank account, you should use manual payment reconciliation
with it. Payables stores the payment currency you enter when you initiate a Payment Batch, enter
a manual payment,
or create a Quick payment. The bank file details you receive from a bank will contain the bank
account currency. Since the payment and bank account currencies could differ when you use a
multiple currency
bank account, automatic reconciliation could result in numerous exceptions.
If you define a multiple currency bank account for payments, the currency of the bank account
must be the same as your functional currency.
Prerequisites