20 Work with Bank Account Information

This chapter contains these topics:

• Section 20.1, "Working with Bank Account Information,"

• Section 20.2, "Entering Bank Account Information for Your Company,"

• Section 20.3, "Entering Bank Account Information for Customers and Suppliers."

20.1 Working with Bank Account Information

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

20.2 Entering Bank Account Information for Your Company

Navigation

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

Description of "Figure 20-1 Bank Account Information screen"

1. To enter the bank information for a customer, complete the following fields:

   • G/L Bank Account Number

   • Description

2. 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: Standard account number (business unit.object.subsidiary or flexible format) Third G/L number (maximum of 25 digits) 8-digit short account ID number 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.

20.3 Entering Bank Account Information for Customers and Suppliers

Navigation

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

Description of "Figure 20-2 Bank Account Cross-Reference screen"

1. To locate a customer or supplier, complete the following field:

   • Address Number

2. 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

20.3.1 What You Should Know About

Method	Explanation
Alternate entry methods	You can also set up the bank account information for your customer and suppliers from the Customer Master Information (P01053) and Supplier Master Information (P01054) forms. To do this, use the Bank Codes function.