SUpplier bank

[akrao]

Hi folks,


Could anybody tell me the usage supplier banks.

As per my knowledge internal bank is using for making paymants. customer bank is for creating automatic receipt process.

If any wrong in my opinion please correct me.


Regards
AKRAO

[P_MANMOHAN]

Hi,

Internal Bank Accounts ------
You define internal bank accounts to define bank accounts for which you are the account holder. Receivables uses internal bank accounts to receive payments from customers. Payables uses internal bank accounts to disburse funds to suppliers.

Customer Bank Accounts ------
If you use Receivables, you can enter bank account information for your customers. Receivables uses this information when you receive electronic payments from your customers.


Supplier Bank Accounts
If you use Payables, you can enter bank information for bank accounts for which your supplier is the account holder. You then assign these accounts to the supplier and its sites. Payables uses this bank information when you create electronic payments for your suppliers.

You can either define the supplier first and then when you define the bank account you can associate it with the supplier in the Supplier Assignments region Or you can define the bank account first and then assign it to the supplier when you enter the supplier in the Suppliers window.

The primary supplier bank account defaults from the supplier site to the scheduled payments on an invoice. When you make a supplier bank account inactive, Payables displays a message to automatically replace that account on any unpaid or partially paid scheduled payments with the supplier's primary bank account. Payables ensures that a payment cannot be made to an inactive supplier remittance account. Payables notifies you if you attempt such payment.