Setting Up Bank Records of Vendors in Luxembourg

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 Luxembourg:

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. The fields displayed are dependent on the EFT format selected.

   Field	Description
   Name	Enter a unique name for this entity bank detail record.
   Payment File Format	Select ABBL VIR 2000, SEPA Credit Transfer (HSBC), or SEPA Credit Transfer (Luxembourg).
   Type	Select whether the bank account is the vendor's primary or secondary bank account.
   IBAN	Enter the vendor's International Bank Account Number (IBAN).
   BIC	Enter the Business Identifier Code (BIC), also called SWIFT code, of your vendor's bank (eight or 11 characters).

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 Luxembourg
• Setting Up Bank Records of Employees in Luxembourg
• Setting Up Bank Records of Customers in Luxembourg
• Setting Up Bank Records of Partners in Luxembourg

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