Setting Up EFT Reason Codes for Direct Debits

To set up EFT reason codes, use the EFT Reason Codes component (EFT_BANK_REASON).

In some countries, the bank sends an EFT file after you submit direct debits to the bank confirming whether the payment was collected. The file contains a reason code for each payment record that indicates whether it was collected. If payment is not collected, the reason code indicates why it was not collected. You run the DD_AR_BANK Application Engine process to process the bank EFT file and to update the status of the Direct Debit Control record. When you run the Receivables Update process, it creates the appropriate accounting entries based on the change to the control record.

Use the EFT Reason Codes page (EFT_BANK_REASON) to set up reason codes for direct debit processing.

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Set Up Financials/Supply Chain > Common Definitions > EFT > EFT Reason Codes > EFT Reason Codes

This example illustrates the fields and controls on the EFT Reason Codes page. You can find definitions for the fields and controls later on this page.

Set up the following reason codes for the RID files that are used in Italy. Other countries can use this as an example to set up their reason codes.