Your own bank details

Instead, you can link the bank details to the relevant chart of accounts record that you have defined for your bank account. In this way, it is possible to set up multiple own bank accounts, each with its own bank details and chart of accounts record.

If you use Payment Run (PYR) or Payment Collection Run (PYC), with a Payment Method of Bank in the Payment Profile (PYP), you must set up at least one bank details record and link it to your chart of accounts bank account record that you want to use for the payment or collection. You can identify the relevant bank details record on the payment profile, otherwise you must enter it during the payment or collection run itself. If your organization uses several different bank accounts for different types of payments, you can create all of the bank detail records, then create a payment profile for each payment type, identifying the relevant bank detail record for each.