Defining 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.

Prerequisite

• You have installed Receivables.
• Define custom payment formats for Payables payment documents if you are defining a disbursement bank account. (Optional).

Defining 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 (as described below). Or you can define the bank account first and then assign it to the supplier when you enter the supplier in the Suppliers window.

Prerequisite
Define the suppliers and supplier sites that use the bank account to receive electronic payments.

Defining Multiple Currency Bank Accounts
A multiple currency bank account is an account that accepts payments in more than one currency.
If you define a multiple currency bank account for payments, the currency of the bank account must be the same as your functional currency.

You can enable multi currency receipts in receivables tab and multi currency payments in payable tab.