Understanding Bank Account Setup

Note: Country-specific functionality for bank account setup exists for Denmark, Finland, Norway, Sweden, and Spain.

See also:

• "Setting Up Additional Bank Information for Foreign Suppliers" in the JD Edwards EnterpriseOne Applications Localizations for Denmark Implementation Guide.

• "Setting Up Additional Bank Information for Foreign Suppliers" in the JD Edwards EnterpriseOne Applications Localizations for Finland Implementation Guide.

• "Setting Up Additional Bank Information for Foreign Suppliers" in the JD Edwards EnterpriseOne Applications Localizations for Norway Implementation Guide.

• "Entering A.E.B. Customer and Supplier Bank Information for Spain" in the JD Edwards EnterpriseOne Applications Localizations for Spain Implementation Guide.

You must set up bank account information if you process JD Edwards EnterpriseOne Accounts Payable payments or use specific JD Edwards EnterpriseOne Accounts Receivable applications, such as draft processing and auto debit processing. Depending on the type of information that you process, you must set up bank account information for your company's bank accounts, as well as for your customers and suppliers.

The system provides these programs for setting up bank account information:

• Bank Account Information (P0030G).

  Use this program to set up your company's bank accounts. If you process accounts payable payments or accounts receivable automatic debits, you must set up your company's bank accounts.

• Bank Account Cross Reference (P0030A).

  Use this program to set up bank account information for your suppliers and customers. If you process accounts payable payments using electronic funds transfer, you must set up bank account information for the supplier. If you process automatic receipts, accounts receivable drafts, or automatic debits, you must set up bank account information for the customer. You also use this program to associate a bank transit number with a bank address book record.

Note: Although the same program is used for Bank Account Cross-Reference and Bank Account Addresses applications, the system displays a different form based on which application you choose.

These programs update and store bank account information in the Bank Transit Master table (F0030). The system differentiates each bank account record using a record type. The record type not only identifies whether the bank account is for a supplier or customer; it is also used to differentiate customers who process drafts and automatic debits from suppliers who process automatic payments.

This table describes the available record types and how they are used:

Record Type	Description
B	The system assigns this value to records created using the Bank Account Addresses program (P0030A). You use this program to associate bank transit numbers with the bank account address number.
C	The system assigns this value when you set up bank account information and specify the option for Customer using the Bank Account Cross Reference program (P0030A).
D	The system assigns this value when you set up bank account information and select the AR Drafts, Auto Debit option using the Bank Account Cross Reference program (P0030A). You must select this check box for customers who process drafts or auto debits.
G	The system assigns this value when you set up GL bank account information for your company using the Bank Account Information program (P0030G).
H	The system assigns this value when you set up Dutch bank accounts using the Dutch Payments Bank Information program (P74030H).
M	The system assigns this value when you set up bank account information by business unit using the Business Unit Information program (P0030B). See "Setting Up Payment Information by Business Unit" in the JD Edwards EnterpriseOne Applications Accounts Payable Implementation Guide.
P	The system assigns this value when you set up bank account information and select the Auto Receipts Payor option using the Bank Account Cross Reference program (P0030A).
V	The system assigns this value when you set up bank account information and select the Supplier option using the Bank Account Cross Reference program.
X, Y	These codes are predefined for you to use if your supplier has multiple bank accounts. You do not need to use these specific codes (X or Y); you can set up and use any bank type code in the UDC table 00/BT that is not listed in this table.