Working with Banks (WBNK)

Purpose: Use the Banks function to:

• add or maintain bank codes and their descriptions

• indicate the transit number associated with the bank

• define the currency for the bank, if you process orders in multiple currencies

• define the inbound and outbound reconciliation programs, if you send and receive refund check information to and from a bank

If using multiple currencies by offer: The bank code is key to your setup if you process orders in multiple currencies. The system determines that you intend to process orders in multiple currencies if the Multi Currency by Offer (E03) system control value is selected.

When processing orders in multiple currencies, you must create a separate bank for each currency you intend to use, including your local currency.

If using alternate currency pricing: You must create a separate bank for each currency you intend to use if you enable alternate currency pricing (the Use Alternate Currency Pricing (H89) system control value is selected). A currency code is required for each bank.

Processing refunds: Each time you create a refund record, the system associates the refund with the appropriate bank.

For more information:

• working with currency codes: Working with Currency (WCUR)

• working with refunds: Working with Refunds, Writeoffs and Balances Due (WREF)

• Multi Currency by Offer (E03) system control value

• Use Alternate Currency Pricing (H89) system control value

In this chapter:

• Work with Banks Screen

• Create Bank Screen

Work with Banks Screen

How to display this screen: Enter WBNK in the Fast Path field at the top of any menu or select Work with Banks from a menu.

Field	Description
Bank	A code that represents the bank. Alphanumeric, 3 positions; optional
Description	The description of the bank code. Alphanumeric, 30 positions; optional.
Transit#	The transit number, provided by the bank. Numeric, 25 positions; optional.

Screen Option	Procedure
Create bank codes	Select Create to advance to the Create Bank Screen.
Change bank information	Select Change for a bank to advance to the Change Bank screen. At this screen you can change any information except the bank code. See Create Bank Screen for field descriptions.
Delete a bank	Select Delete for a bank to delete it.
Display bank information	Select Display for a bank to advance to the Display Bank screen. You cannot update any information on this screen. See Create Bank Screen for field descriptions.

Create Bank Screen

Purpose: Use this screen to create a bank.

How to display this screen: At the Work with Banks Screen, select Create.

Field	Description
Bank #	A code that represents the bank. Numeric, 3 positions. Create screen: required. Change screen: display-only.
Description	The description of the bank code. This is commonly the name of the bank. Alphanumeric, 30 positions; required.
Transit #	The transit number, provided by the bank. Numeric, 25 positions; required.
Account #	Your account number with the bank. Numeric, 12 positions; optional.
Last check #	The last refund check number printed. When you process refund checks for this bank, the system suggests the next sequential number after the value here. When refund check generation is complete, the system updates this field with the last number used. Numeric, 9 positions; required.
Phone number	The phone number for the bank. Numeric, 14 positions; optional.
Currency code	The code representing the currency to be processed by this bank. This field displays only if the Multi Currency by Offer (E03) system control value is selected or the Use Alternate Currency Pricing (H89) system control value is selected. See Working with Currency (WCUR). Alphanumeric, 3 positions; required if using multiple currencies or alternate currency pricing.
Country	The code representing the country where the bank is located. The bank code from the Default Country for Customer Address (B17) system control value defaults. Alphanumeric, 3 positions; optional.