To check bank creditBank credit is the facility provided by a bank, which allows you to make payments even if the payment amount exceeds the available bank balance amount. The maximum amount of credit allowed to make payments is called credit limit. You must select an appropriate bank in the Bank Relations (tfcmg0510m000) session, and verify the availability of the bank balance. The balance amount includes the credit limit provided by the bank. In the Credit Limit Check field of the Bank Relation (tfcmg0110s000) session, you must select one of these actions:
If the status is other than No Check, LN displays the following warning messages during the payment process:
You can select bank relations and verify the bank balance including the credit limit during these processes:
Automatic payments In the automatic payment process, LN selects the bank relations in the Bank Relations (tfcmg0510m000) session in the following order of preference:
Note If no bank is found, LN automatically starts the Assign Banks to Payments (Manually) (tfcmg1251m000) or the Assign Banks to Direct Debits Manually (tfcmg4251s000) session, and you must select the bank relation manually. For payments of trade notes, in the Process Trade Notes Payable (tfcmg1226m000) or the Selected Trade Notes Payable for Processing (tfcmg1526m000) session, when the status is changed to Paid, the bank relation is selected. Anticipated payments/receipts In the anticipated payment process, the following fields are updated in the Bank Relation (tfcmg0110s000) session:
Bank transactions During the payment process, the Bank Balance field in the Bank Relation (tfcmg0110s000) session is updated when the following transactions are processed in the Bank Transactions (tfcmg2500m000) session:
During the receipts process, the Bank Balance field in the Bank Relation (tfcmg0110s000) session is updated when the following transactions are processed in the Bank Transactions (tfcmg2500m000) session:
Note If the anticipated payment or anticipated receipt documents are rejected during the reconciliation process, the same amount must be reduced in the Bank Relation (tfcmg0110s000) session.
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