This chapter contains these topics:
Section 20.2, "Entering Bank Account Information for Your Company,"
Section 20.3, "Entering Bank Account Information for Customers and Suppliers."
J. D. Edwards software validates account and bank identification information throughout the draft process.
Working with bank account information consists of the following tasks:
Entering bank account information for your company
Entering bank account information for customers and suppliers
From Accounts Receivable (G03), enter 29
From Accounts Receivable Setup (G0341), choose Bank Account Information
Each draft that you remit to the bank should include bank account information. Banks use the account information to process the drafts. You can update this information on an as-needed basis.
To enter bank account information for your company
On G/L Bank Account Information
Figure 20-1 Bank Account Information screen
To enter the bank information for a customer, complete the following fields:
G/L Bank Account Number
Description
Complete the following fields:
Address Number
Control Digit
Bank Transit
Pre-Note Option Code
Bank Account Number
Float Days - Receivables
Checking or Savings Account
SWIFT Code
Field | Explanation |
---|---|
Account Number | A field that identifies an account in the general ledger. You can use one of the following formats for account numbers:
The first character of the account indicates the format of the account number. You define the account format in the General Accounting Constants program. |
Address Number - Input (Mode Unknown) | The address number you want to retrieve. You can use the short format, the long format, or the tax ID (preceded by the indicators listed in the Address Book constants). |
Bank Account - Control Digit | This is an optional field that allows you to enter a check digit for a bank account number. The check digit is not part of the key to the Bank Account file (F0030). |
Transit Number - Bank | The routing and transit number for a particular bank account.
The combination of account number and transit number must be unique. |
Pre-Note Option Code | The code used to override the Pre-Note processing for electronic funds transfers. Valid values are:
blank Use the Pre-Note code assigned to the supplier. 1 Override the Pre-Note code assigned to the supplier and produce a bank tape with no check output even if the Pre-Note code is set to P. |
Bank Account Number - Customer | The customer's bank account number, usually found on the bottom of the customer's check. |
Float Days for Checks - Receivables | The number of days the check floated. This is defined by subtracting the check date from the bank deposit date. |
Checking or Savings Account | A flag that indicates whether the account is a checking or savings account. This indicator is only meaningful on the G type bank account records and is used during bank tape processing for automatic payments.
Valid values: blank checking account 0 checking account 1 savings account |
SWIFT Code | The Society for Worldwide Interbank Financial Telecommunications (SWIFT) code is an international banking identification code used to identify the origin and destination of electronic (or wire) financial transfers. |
From Accounts Receivable (G03), enter 29
From Accounts Receivable Setup (G0341), choose Bank Account Cross Reference
Each draft that you remit to the bank should include bank account information. Banks use the account information to process the drafts. You can update this information on an as-needed basis.
To enter bank account information for customers and suppliers
On Bank Account Cross Reference
Figure 20-2 Bank Account Cross-Reference screen
To locate a customer or supplier, complete the following field:
Address Number
To enter bank account information, complete the following fields:
Transit Number - Bank
Bank Account Number
Bank Account Control Digit (optional)
Description
Record Type - Bank Transit