Controlling the Production of the Bank Transfer File

The Bank Transfer file is used to make or collect payments automatically using an automatic bank processing facility, for example BACS in the UK.

It is produced by Payment Run (PYR) or Payment Collection Run (PYC) when:

• the Automated Bank Payments option has been set in Ledger Setup (LES).
• the customer or supplier has the Payment Method set to Bank in Customers (CUS) or Supplier (SUS).
• the customer or supplier bank details have been defined using Bank Details Setup (BNK), depending on the Automated Bank Payments option in Ledger Setup (LES).
• the Post Transactions field in Payment Run (PYR) and Payment Collection Run (PYC) is set to Yes.
• the payment profile used has the payment method set to Bank.

The Automated Bank Payments option in Ledger Setup (LES) determines whether not transactions are included in the bank transfer file, if the bank details have not been defined for the customer or client. You can choose to exclude transactions from the bank transfer file for accounts that have no bank details, include the transactions but be warned of the accounts, or include the transactions and not be warned.

The name of the bank transfer file produced appears in the Bank File Name field on the Payment Collection Run Bank Transfer form.