Defining EFT Reason Codes and EFT File Layouts

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 your drafts 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 it is not collected the reason code indicates why it was not collected. You run the AR_DRAFT_BNK Application Engine process to process the bank EFT file and to update the status of the Draft Control record. When you run the Receivable 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 draft 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 RIBA files used in Italy. Other countries can use this as an example to set up their reason codes.

The following is a list of EFT file layouts for draft processing: