Setting Up Bank Records of Vendors for J.P. Morgan Freeform GMT Payments

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.

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 Entity Bank Details.

Complete the fields on the New Entity Bank Details page:

Field	Description
Name	Enter a unique name for this entity bank detail record.
Payment File Format	Select J.P. Morgan Freeform GMT.
Type	Select whether the bank account is the vendor’s primary or secondary bank account.
Account Number	Enter the vendor’s bank account number.
Swift ID/BIC	Enter the Business Identifier Code (BIC), also called SWIFT code, of the vendor’s bank (eight or 11 characters).
Bank Name	Enter the name of the vendor’s bank.
Bank Address 1	Enter the street address of the vendor’s bank.
Bank Address 2	Enter the city or state where the vendor’s bank is located.
IBAN	Enter the vendor’s International Bank Account Number (IBAN).