Create - Specify Bank Details

Specify Bank Details

This page allows you to specify the bank information pertaining to the supplier. The bank related details are important details for a person who is in to business. All the payment-oriented activities are carried out only through bank. The Bank oriented details like bank id, type, swift details and Postal and Telegraph Transfer details.

Select the “Specify Bank Details” link at the bottom of the “Create Supplier” page.

The “Specify Bank Details” page appears.

The System displays the status of the Supplier.

The System displays the following in the “Supplier Details” group box:

Supplier Code	Code/Identifier of the supplier who supplies goods for the Purchase Order.
Supplier Name	Name of the supplier who supplies goods for the Purchase order.

Enter the following in the “Payment Details” multiline:

Payment Method	Use the drop-down list to select the method in which the payment will be made. The system displays blank by default on the launch of the page.
	Indicates the method of payment: Bank Collection – if the payment is through bank collection. This method is a form of direct debit used in Germany.
	IPI – if the payment is through IPI (International Payment Instruction).
	Regular – if the payment is through a regular stream.
	Specific Bank – if the payment is through a specific bank.
Payment Route	Use the drop-down list to select the route in which the payment will be made. It can be “Bank” or “PTT” (Postal Telegraph Transfer).
Payment Mode	Use the drop-down list to select the mode in which the payment will be made.
Company Bank / PPT Code	Use the drop-down list to select the name of the Company Bank / PTT code.
Bank Name	Name of the bank in which the supplier has his company dealings.
Supplier’s Bank / PTT Reference	Use the drop-down list to select the suppliers’ bank / PTT Reference.
Bank Name	Name of the bank in which the supplier has his company dealings.
Supplier Bank / PTT Account No.	Name or identifier of the bank in which the supplier maintains all his transactions dealings.
Swift No.	The number identifying the Swift No. of the Supplier’s bank. If the bank is defined in the bank information, this information is defaulted and not editable, else it needs to be entered.
IBAN	The number/code identifying the IBAN (International Bank Account Number).
Default Details	Use the drop-down list to select the default details .It can be either “Yes” or “No”.

Note: The system displays an error message if the default value is set to "Yes" for more than one selected row. The system also displays an error message if the default value is not set to "Yes" for any selected row.

Contract / Participation ID	The code or number identifying the contract or participation Id. Mandatory.
Contract Reference	The description of the contract. This is editable and mandatory.
Contract Date From	The contract is valid from this date.
Contract Date To	The contract is valid till this date.
Contestation Allowed	Use the drop-down list box to select whether contestation is allowed for the supplier. When the buyer sends a wrong amount, the supplier through this validation is allowed to contest against that wrongly specified amount.
Contact Person	Name of the person who can be contacted for future correspondence.

Click the “Specify Bank Details” pushbutton to specify the bank related details that are related to the supplier.

The system saves the bank details pertaining to the supplier.