Defining a bank

A bank shows the actual institution or physical location where you do your banking. You must define at least one bank. This procedure outlines the process for defining a bank.

Define a bank

  1. Access Bank (CB00.1).
  2. Define the address and contact information for the bank.
  3. Specify this information:
    Bank Identification

    Specify the routing number of the bank in this field. If you are making BACS (Banker Automated Clearing System) payments, this value must be numeric. ACH and EDI files require a routing number.

    Credit Button

    If you use the Lawson Accounts Receivable application and perform bank risk processing, use the Credit Risk subform to define credit lines used for remitting bills of exchange at a discount.