Setting Up Bank Records of Partners in the United Kingdom

Set up the bank account records of each partner to whom you will send electronic bank payments. You can set up multiple bank accounts for each partner.

Setting up partner bank details in the United Kingdom:

  1. Go to Lists > Relationships > Partners.

    For information about adding a partner, see Creating a Partner Record.

  2. Click the Edit link next to the name of the partner.

  3. On the Bank Payment Details subtab, check the EFT Bill Payment box, and click Save.

  4. Click New Bank Details.

  5. Complete the fields on the Bank Details page. The fields displayed are dependent on the EFT format selected.

    Field

    Description

    Name

    Enter a unique name for this bank detail record.

    Payment File Format

    Select BACS if the partner’s bank uses the original variation of the BACS payment file format specification of BACS Payment Schemes Limited.

    Select BACS-Albany ALBACS-IP if the partner’s bank uses the variation of the BACS payment file format specification of Albany ePAY Bureau, Barclays Bank, and (BACS Multiple Fixed Length) Lloyds Bank.

    Select BACS-Bank of Scotland if the partner’s bank is a branch of Bank of Scotland PLC (BoS). BoS uses a variation of the BACS format where the file headers and footers are omitted.

    Select BACSTEL-IP if the partner’s bank uses the internet service variation of BACS.

    Type

    Select whether the bank account is the partner’s primary or secondary bank account.

    Sort Code

    Enter the 6-digit numeric sort code of the partner’s bank. The code is used by the British banking industry to route money transfers within the country using different respective clearance organizations.

    Account Number

    Enter the partner’s bank account number.

    Account Name

    Enter the partner’s bank account name.

  6. Click Save.

You can also set up bank records of vendors, employees, customers and partners by importing bank details in CSV format into NetSuite using the Import Assistant. For more information, see Importing Electronic Bank Payments Data.

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