Bank Account by Pay-to Business Partner (tccom4125s000)

Your code for the bank account.

The status that is applicable if the business object requires authorization approval using ION Workflow.

When you perform a change that requires authorization, a checked-out version is automatically created for the business object. The changes you submit are only effective after approval/check-in. You can also undo your changes, or recall your submitted changes.

Checked-out and checked-in objects are displayed in the Checked-out Objects (ttocm9599m000) session.
From the appropriate menu of this session, select Workflow and execute the required action for the business object.

Allowed values

Draft: The object is checked out. It can be changed and saved multiple times until the user submits the changes.
Pending: Any changes made to the object are submitted. The object is pending for approval. The data of the object cannot be modified.
Recall Requested: The object was already submitted, but is recalled by the user. Approval will not take place anymore. If the recall is accepted, the object status becomes Draft (Revision). If the Recall is rejected, the object status becomes Pending.
Draft (Revision): The object was recalled after it was submitted and the recall is accepted. The object can be changed and saved multiple times until the user submits the changes.
Rejected: The submitted changes to the object are rejected. The user can make changes to the object and submit these changes again, or discard all changes.
Approval Received: The submitted changes to the object are approved. The object will automatically be checked in. If the check-in fails, the status remains Approval Received. An administrator must decide what to do with the object.
Approved: The submitted changes to the object are approved and the object is checked in.
Not Applicable: The object is checked in. Instead of an Object status, an Approval status is applicable.

Note: For more information on setting up and using ION Workflow for business objects in LN, refer to the LN Integration Guide for Infor ION Workflows and Monitors.

Bank Branch: The bank branch.
Bank Address: The bank's address.
Domestic Bank ID: The code of the bank identifier.
Used for QR-billing: If this check box is selected, the bank account information is used for QR-billing in Switzerland.

Note: This field is applicable only if the Switzerland check box is selected in the Implemented Software Components (tccom0100s000) session.

Bank Account

The account number of the business partner with this bank.

International Bank Account Number

The international bank account number.

Note: This field is mandatory if the Used for QR-billing check box is selected.

Account Type

The type of account used to process the financial data of the bank.

In some countries, you must make the subcontractor's purchase invoice payments to a blocked account.

Allowed values

Normal: The account is a regular account.
Blocked: The account is a blocked account used to pay subcontractors using the Dutch subcontracting functionality WKA (Wet Ketenaansprakelijkheid).
Other: The account type is country-specific.
Cash Register: The entry is a cash register.

Bank Costs

The party that pays the bank costs.

For a business partner in Japan, select either of the following:

Costs Paid by Receiver
If you select this option, standard bank charges will be deducted from the payment amount.
Negotiated Costs Paid by Receiver
If you select this option, negotiated bank charges will be deducted from the payment amount. In this way, you will pass your discount to your business partner.

Note: Standard and negotiated bank charges are specified in the Bank Charges (tfcmg0120m000) session.

Allowed values

Costs Shared: The bank cost is shared by both the bank and the company.
Costs Paid by Sender: The bank cost will be paid by the sender.
Costs Paid by Receiver: The bank cost will be paid by the receiver.
Express Costs Paid by Receiver: The special cost incurred by the bank for processing the transactions will be paid by the receiver.
None: No bank cost is incurred while processing payments.
Negotiated Costs Paid by Receiver: The receiver pays the bank cost that was agreed between the sender and the bank.

Bank Reference Check

The bank reference number check that is used by the banks in the home country of the financial company.

To include bank reference numbers on invoices and payment documents, select a value other than Not Applicable for the Bank Reference Check in the Finance Company Parameters (tfgld0503m000) session.

For sales invoices, if the country of the customer is the same as the country of the sales office, LN generates the bank reference number when the invoices are composed.

For purchase invoices, if the country of the supplier is the same as the country of the purchase office, LN searches for the bank reference number operator in all the sessions in which the bank reference numbers are specified or processed. If these bank reference numbers does not include an operator, by default LN applies the check that you select here.

10 - Check: LN uses the Norwegian 10 check algorithm to verify bank reference numbers. To overrule this default check algorithm, add the < operator at the end of the specified or generated number.
11 - Check: LN uses the Norwegian 11 check algorithm to verify bank reference numbers. To overrule this default check algorithm, add the > operator at the end of the specified or generated number.
Finnish Check: LN uses the Finnish check algorithm to verify bank reference numbers. No operator is added at the end of the specified or generated number.
Modulo 10 (Recursive) Check: LN uses the Swiss check algorithm to verify bank reference numbers. No operator is added at the end of the specified or generated number.
10 or 11 - Check: LN first uses the 10 - Check algorithm and then, if this check fails, the 11 - Check algorithm. Either one of these checks must be successful. No operator is added at the end of the specified or generated number.
No Check: LN does not verify bank reference numbers. The - operator is added at the end of the specified or generated number. You can use this option for bank reference numbers that cannot be checked with the available check algorithms.
Not Applicable: The bank reference number functionality is not available.
Structured Creditor Reference Check: LN uses the Swiss check algorithm to verify bank reference numbers. You can use this option if the Used for QR-billing check box is selected and the International Bank Account Number is specified.
Company s Default: LN uses the Bank Reference Check value defined in the Finance Company Parameters (tfgld0503m000) session.

Start Date: The start date and time from when the bank account is effective.

Note: If this date is not specified, the bank account is effective immediately.
End Date: The date and time up to which the bank account is effective.

Note: If this date is not specified, the bank account is effective indefinitely.

Creation Date: The date and time when the bank account is created for the selected pay-to business partner.

Note:
Created by: The user who defined the bank account information for the selected pay-to business partner.
Last Modified by: The user who last modified the bank account data for the selected pay-to business partner.
Last Modification Date: The date and time when the bank account data for the selected pay-to business partner is last modified.

Bank Account by Pay-to Business Partner (tccom4125s000)

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