Create Bank Interface Record (G12)

Purpose: Use this screen to define whether the system creates a bank reconciliation transaction when you generate refund checks in Process Refunds.

Yes/no field: Select this field if you want the system to create a bank reconciliation transaction when you generate refund checks in Processing Refunds (MREF).

A bank reconciliation transaction is a transaction that you can send to a bank that contains refund check information for automated reconciliation.

Once the bank processes the refund checks, the bank sends bank reconciliation transactions back to CWSerenade.

You can review and work with the bank reconciliation transactions that the system creates when you generate refund checks and that the bank has sent back to CWSerenade in Work with Bank Reconciliation Transactions.

Leave this field unselected if you do not want the system to create a bank reconciliation transaction when you generate checks in Process Refunds.

For more information: See Working with Bank Reconciliation Transactions (WBRC) for more information on how to generate an outbound file to send transactions to the bank, and processing the inbound file from the bank.