Create Bank Quota

This procedure is used to define bank quotas used to control the bank to which customer payments are made. For accounts receivable, this determines the bank where drafts and checks are collected.

Quotas are created to use for bank remittances in 'Bank Remittance. Open' (ARS300) after using this procedure.

Bank quotas

Bank quotas are searched in the following order when creating a bank remittance:

  1. Year, month, currency code, payment method, priority

  2. Year, month, currency code

  3. Year, month

  4. Year.

For detailed information on how bank quotas are used, refer to Create Bank Quotas for Automatic Allocation of Supplier Payments to Bank.

Follow these steps

  1. Start 'Bank Quota. Open' (ARS955/B).

  2. Create a bank quota by entering the year, month, payment type, currency and priority. Click New.

  3. On the E panel, enter description, company bank account, and quota amount or percent.

  4. Repeat steps 2 and 3 for each quota.

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