Setting Up Bank Records of Vendors in Canada
Set up the bank account records of each vendor to whom you will send electronic bank payments. You can set up multiple bank accounts for each vendor.
To set up vendor bank details in Canada:
-
Go to Lists > Relationships > Vendors.
For information on adding a vendor, see Creating a Vendor Record.
-
Click the Edit link next to the name of the vendor.
-
On the Bank Payment Details subtab, check the EFT Bill Payment box, and click Save.
-
Click New Bank Details.
-
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 CPA-005.
Type
Select whether the bank account is the vendor's primary or secondary bank account.
Account Number
Enter the vendor's bank account number (maximum of 12 digits).
Financial Institution Number
Enter the number that identifies the vendor's bank in the Financial Institutions Directory, which is maintained by the Canadian Payment Association.
Branch Transit Number
Enter the vendor's bank branch routing number. Bank branch routing numbers of Canadian financial institutions are listed in the Financial Institutions Directory of the Canadian Payment Association.
-
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.