Purpose: Use the Banks function to:
• add or maintain bank codes and their descriptions
• indicate the transit number associated with the bank
• define the G/L account number to which cash transactions with this bank post
• 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 set to Y.
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 set to Y). 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: Customer Service 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 topic:
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.
ACR0027 DISPLAY Work With Banks 12/01/98 8:02:01 KAL Co.
Opt Bank Description Transit #
Type options, press Enter. 2=Change 4=Delete 5=Display
CAN NATIONAL BANK OF CANADA 3 SHW SHAWMUT BANK 1234 NBT NEW ENGLAND BANK AND TRUST 5968 NSL NEW ENGLAND SAVINGS AND LOAN 48674
F3=Exit F6=Create F12=Cancel F21=Print list F24=Select company |
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 |
Press F6 to advance to the Create Bank Screen. |
Change bank information |
Enter 2 next to a bank to advance to the Change Bank Screen. |
Delete a bank |
Enter 4 next to a bank to delete it. |
Display bank information |
Enter 5 next to a bank to advance to the Display Bank Screen. |
Purpose: Use this screen to create a bank.
How to display this screen: At the Work with Banks Screen, press F6.
ACR0023 ENTER Create Bank 7/08/99 8:52:38 KAL Co.
Bank # . . . . . Description . . Transit # . . . Account # . . . A/R Cash G/L # . A/P Cash G/L # . Last Check # . . Phone number . . Currency code. . Country . . . . USA
Reconciliation Programs: Inbound . . . . Outbound . . . .
F3=Exit F12=Cancel |
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. |
A/R Cash GL# (Accounts Receivable Cash General Ledger number) |
The General Ledger account number to which cash entered through Interactive Cash Receipts should post. Validated against the G/L Accounts file. Numeric, 8 positions. Create screen: required. Change screen: display-only. |
A/P Cash GL# (Accounts Payable Cash General Ledger number) |
The General Ledger account number to which cash used for Accounts Payable should be assigned. Validated against the G/L Accounts file. Numeric, 8 positions. Create screen: required. Change screen: display-only. |
Note: The A/R Cash GL# and the A/P Cash GL# can be the same number. In addition, you can override these G/L numbers in Interactive Cash Receipts or Accounts Payable Disbursements. |
|
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 set to Y or the Use Alternate Currency Pricing (H89) system control value is set to Y. 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 defined in the Default Country for Customer Address (B17) system control value defaults. Alphanumeric, 3 positions; optional. |
The program name the system uses to transfer bank reconciliation transactions from the bank into CWDirect. The base program is ACX0481. You can generate the inbound file that contains bank reconciliation transactions from the bank by pressing F8 at the Work with Bank Reconciliation Transaction Screen. This field displays only if the Create Bank Interface Record (G12) system control value is set to Y. Alphanumeric, 10 positions; optional. |
|
The program name the system uses to transfer bank reconciliation transactions from CWDirect to the bank for automated reconciliation. The base program is ACR0479. You can generate the outbound file that contains bank reconciliation transactions to send to the bank by pressing F7 at the Work with Bank Reconciliation Transaction Screen. This field displays only if the Create Bank Interface Record (G12) system control value is set to Y. Alphanumeric, 10 positions; optional. |
|
To change: Enter 2 next to a bank code at the Work with Banks Screen to advance to the Change Bank screen. At this screen you can change any information except the bank code.
If you do not have authority to the Secure G/L Number Field Access (A84) secured feature, the system displays the A/R cash general ledger number and A/P cash general ledger number fields as display-only.
See Create Bank Screen for field descriptions.
To display: Enter 5 next to a bank code at the Work with Banks Screen to advance to the Display Bank screen. You cannot update any information on this screen. See Create Bank Screen for field descriptions.
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AP01_06 CWDirect 18.0.x 2018 OTN