Creating and managing vendor bank information

  1. Sign in as Payables Manager and select Manage Vendors.
  2. Open a vendor record.
  3. On the Banking tab, specify this information in any section that applies:
    Bank Entity
    Select the bank entity. For information about creating external bank entities, see the Financials Setup and Administration Guide.
    Prenotification Status
    If you create payments to an intermediary account for the vendor, then you can select the status of the payment between the vendor and the intermediary processing bank.
    Validation Type
    Select the validation type to use based on the vendor bank location.
    RIB Key
    If your electronic fund transfer (EFT) involves a French bank, then specify a bank-provided number to use to validate bank account numbers.
    Account Type
    If you create electronic payments for the vendor, then select the type of bank account that is used to deposit electronic payments for the vendor.
    Global Account Type
    If you create electronic payments for the vendor, then select the type of global account that is used to deposit electronic payments for the vendor.
    Cross Border, BIC Number
    Select whether to use Routing Number or BIC.
    BIC
    Specify the Bank Identifier Code or SWIFT code used for international banking. If you selected a bank entity that has a BIC specified, you can retain the original BIC or override it.
    Bank Code
    Select the bank code for Sweden and Denmark payments or intermediary payments.
    Bank ID
    Specify the bank ID for Sweden and Denmark payments or intermediary payments.
    Assignment Number
    Specify the assignment number for Finland payments or intermediary payments.
  4. In the Other Accounts section, specify this information:
    Giro Number
    Specify the Giro number of the vendor.
    BACS Reference
    To track Building Society account information, specify the account number for the Building Society account.
    BACS Name
    To track Building Society account information, specify a Building Society name or account name.
  5. In the Bank Instructions section, specify the bank instructions.
  6. In the Bank Address section, specify the bank address.
  7. Click Save.