Setting up a bank for BACS

For electronic AP payment remittance, if you are enabling BACS transactions, you must specify a BACS format for your vendor's bank.

If you are creating a new bank, see the online help for setting up a bank.

  1. Select Check Reconciliation > Setup > Bank.
  2. Specify the bank, select Active in Status field, and then click Search.
  3. In the grid, drill down to show the bank record.
  4. Click Edit.
  5. Select BACSTEL or LloydsLink in BACS Format field, as directed by the bank.
  6. Click Save.
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