Processing Bank Transfers

You must also set up a unique version of the Create Payment Control Groups program to process accounts payable bank transfers for Japan. Set up the data selection for the version to specify the payment instrument for bank transfers.

When you run the Create Payment Control Groups program for bank transfers, the system:

• Calculates the appropriate bank charges and consumption tax for each transfer.

• Creates a separate pay item for each transfer to represent the bank charge, consumption tax, and adjustment amounts:

  • Pay item 997 represents the bank charge amount.

  • Pay item 998 represents the consumption tax amount.

  • Pay item 999 represents any adjustment amount.

• Reduces the total payment amount for the transfer by these amounts.

• Prints a report listing the bank charges.

  Note: If you use accounts payable bank transfers for Japan, the system reserves voucher pay items 997, 998, and 999. You cannot use these voucher pay items in the base JD Edwards EnterpriseOne Accounts Payable system.

When you process accounts payable bank transfers for Japan, the system creates these journal entries for each transfer:

• Normal journal

• Bank charge journal

• Consumption tax journal

• Bank charge adjustment journal

To void the bank transfer, you must void all of the associated journals entries.