Specify Payment Formats per Company

Explanation

This activity is used to specify the payment formats that should be used in your company. All existing payment formats are shown in the Payment Formats per Company window. Select the Used in Company check box for a format, to make it available in your current company and to allow connection to a payment method.

If the payment format is used somewhere, i.e., already connected to a payment method for your company, you cannot clear the Used in Company check box.

Prerequisites

There are no prerequisites for this activity.

System Effects

The payment formats you have selected are available to use in your company. Only the selected formats will be visible and possible to use when defining payment methods for your company.

Window

Payment Formats per Company

Related Window Descriptions

Payment Formats per Company
Format Specific Info per Institute
Format Specific Info

Procedure

To specify a payment format for your company:

1. Populate the Payment Formats per Company window.
2. Select the Used in Company check box for the desired payment format(s).
3. Save the changes.

To validate the bank identifier codes connected to bank addresses against the information entered in the Bank Identifier Codes window. (Note: This is relevant only if the payment format you selected to be used in the company is SEPA or SEPADD).

1. Select the relevant payment format, right-click and click Format Specific Info to open the Format Specific Info dialog box.
2. Select the Validate BIC check box and click OK to close the dialog box.