Setting Up Bank Records of Vendors in Isle of Man

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

To set up vendor bank details in Isle of Man:

1. Go to Lists > Relationships > Vendors.

   For information on adding a vendor, see Creating a Vendor Record.

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

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:

   Field	Description
   Name	Enter a unique name for this entity bank detail record.
   Payment File Format	Select BACSTEL-IP.
   Type	Select whether the bank account is the vendor's primary or secondary bank account.
   Account Number	Enter the vendor’s account number.
   Account Name	Enter the vendor’s bank account name.
   Sort Code	Enter the 6-digit numeric sort code of the vendor's bank. The code is used by the British banking industry to route money transfers within the country using different respective clearance organizations.

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.

Related Topics

• Creating a Vendor Record
• Setting Up Company Bank Records in Isle of Man
• Setting Up Bank Records of Employees in Isle of Man
• Setting Up Bank Records of Customers in Isle of Man
• Setting Up Bank Records of Partners in Isle of Man

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