Bank details

SunSystems Financials can produce bank transfer files to automatically pay suppliers, or collect payments from customers.

SunSystems Financials can produce bank transfer files to automatically pay suppliers, or collect payments from customers.

To produce the bank transfer files, details of the customer and supplier bank accounts are required and these are held on Bank Details records. At least one bank details record must be defined for each debtor/receivables account and creditor/payables account if the Payment Method is set to Bank.

The bank transfer file can be used as input to a software package that handles transmissions to an automatic clearing system such as the UK Banks Automated Clearing System (BACS). The information in this file can also be used as input to other software, for example, an inter-company settlement clearance system.

Note:  To create details of your own company bank account, enter the payment account code as defined in Default Payment Account Code in Payment Run.
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