Register Bank Transactions Codes

Explanation

This activity is used to register (or modify) bank transaction codes. These bank transaction codes later will be assigned to transactions in the cash account. Bank transaction codes identify the transactions from the bank, which makes it easier to match transaction. You also can use the bank transaction code to calculate the value date of a particular type of a transaction. When a bank transaction code is assigned to an automatic payment transaction in the cash account, the value date calculated for the bank transaction code will determine the date on which the cash account in the bank is expected to be affected by the transaction.

Prerequisites

There are no prerequisites.

System Effects

As a result of this activity, the bank transactions codes will be registered in the system. These will be used in every cash transaction in the system.

Window

Bank Transaction Codes

Related Window Descriptions

Bank Transaction Codes

Procedure

To perform this activity, follow these steps:

1. Open the Bank Transaction Codes window.
2. If you want to view or modify a code, query for the bank transaction code.
3. If you are registering a new code, create the new record and then enter the bank transaction code and a description for it.
4. To make the code the default bank transaction code for the company, select the Default Code check box.
5. Save the changes.