To help you detect data entry errors, when you enter bank information, the system validates bank numbers and bank account numbers for certain countries.

Operating Unit. Payables displays your operating unit.

Agency Location Code. If your enterprise is a United States federal agency then you might need to enter an Agency Location Code. This code is assigned by the United States Department of the Treasury to
identify the source of financial transactions.

Name. The name you use to refer to the bank account. You may want to use a name that indicates the usage of the bank account.

Alternate Name. The alternate name for your bank account. You can enter an alternate name for your bank account. This is particularly useful if you do business in Japan so you can enter both Kanji and Kana values for your bank account name. The system does not use the value you enter here unless you enable the Sort by Alternate Fields Payables option. If you enable that option then Payables uses the alternate name when it sorts reports by bank account name.

Account Use. Indicate the account holder of this account.

• Internal. Your company or organization is the account holder of this account.
• Customer. (Receivables) Your customer is the account holder of this account. You record Customer Accounts to facilitate unds transfer between the Customer Bank Account and your internal
• Bank account  Supplier. (Payables) Your supplier is the account holder of this account. You record Supplier Accounts so you can pay your suppliers electronically.

Account Type. Type of your bank account. For example, Electronic.

Number. The bank account identification number. The combination of Bank Account Number, Bank Branch Number, Account Use, and Currency must be unique for each bank.

Currency. Currency for a bank account. The default value is your functional currency.
If you do not enable the Use Multiple Currencies Payables option, Payables does not allow you to change this value. If you select your functional currency as your bank currency, you can enable the Use Multiple Currencies Payables option and use this bank account to pay foreign currency invoices.
If you select a different currency than your functional currency in this field, when you define Payables Payment Documents, you will only be able to select payment formats that you define in that currency. Also, you will only be able to pay invoices that you enter in this foreign currency.

Inactive On. On and after this date, during transaction entry, the bank’s account will no longer appear on any lists of values in Payables, and you will not be able to enter the bank account.

Check Digits. The value used to validate the authenticity of your bank account number according to country specific bank account validation requirements. This value is provided by your financial institution.

Allow Assignment to Multiple Suppliers  Enable this option if your bank account belongs to a company that receives payments for multiple suppliers (a factor company). With this option enabled, Payables allows you to enter any combination of suppliers and sites in the Supplier Assignments region. It will make the account always available in the list of values for the fields (Bank) Name and (Bank) Number in the Bank Accounts region of the Suppliers and Suppliers Sites windows.
If you do not enable this option in the Supplier Assignments region, then you can enter any combination of supplier and sites within a supplier, but never a different supplier or a site within a different supplier. Also, the account will not appear on the list of values for (Bank) Name and (Bank) Number in the Bank Accounts region of the Suppliers and Suppliers Sites windows once it has been assigned to any other supplier.