Setting Up AAIs for Receivable Bank Accounts in Foreign Currencies
AAI item RB (receivables bank) specifies the default bank account to use for receipts if one is not assigned to the receipt record. The system retrieves the bank account to use based on the company number entered on the receipt and debits the bank account for the amount entered on the receipt. A business unit is required for AAI item RB.
The bank account can be either a monetary account, which has a currency designation, or a non-monetary account, which has no currency designation. If the account associated with AAI item RB is a monetary account, the currency of the account must be the same as the transaction currency of the receipt.
This table shows the sequence in which the system searches for the account associated with AAI item RB:
AAI Item |
Description |
AAI Hierarchy |
---|---|---|
RB |
Receivables Bank Account |
If the item does not exist, the system issues an error message. |