How to Enter Supplier Information in the Bank Accounts Region
Use the Bank Accounts region to record the supplier bank accounts information that you use for making electronic payment transactions.
Prerequisite: In the Bank Accounts window, define the bank accounts for which your supplier is the account holder.
1. In the Name field, select the name of the bank account.
In the Number field, Oracle Payables displays the bank account number.
In the Cur field, Oracle Payables displays the currency for the bank account.
2. Select the Primary check box if you want to use this bank account as a default when you pay this supplier electronically.
3. In the Effective Dates From and To fields, enter dates to limit the time during which a supplier site uses this bank account as the primary bank account for receiving electronic payments.
Oracle Payables displays the supplier’s bank and branch information in the Bank and Branch fields.

Accounting information
Accounting information is entered only at the supplier site level.

Suppliers: Payment Region
(N) Suppliers—>Entry (B) Open
The defaults in the Payment region come from the defaults that you enter in the Financials Options window, except for the default for Pay Group, which comes from the Payables Options window.
1.  In the Terms field, select a payment term for the supplier. Oracle Payables uses payment terms to calculate due dates, discount dates, and discount amounts for each invoice.
2. In the Pay Group field, assign a Pay Group to the supplier. When you create a payment batch, you can choose a Pay Group to pay a category of suppliers or invoices at the same time.
3. In the Payment Priority field, enter a number, between 1 (high) and 99 (low), that represents the priority of payment.
4. In the Invoice Currency field, select the invoice currency for the supplier. The invoice currency is used as a default for the Purchasing documents and Oracle Payables transactions that you enter for a supplier.

5.  In the Terms Date Basis field, select the date from which Oracle Payables calculates a scheduled payment for a supplier.
- If you select Current, when you enter invoices, Oracle Payables defaults the current date as the terms date.
- If you select Goods Received, when you enter invoices, Oracle Payables prompts you to enter the date on which you received the goods for an invoice as the terms date.
- If you select Invoice, when you enter invoices, Oracle Payables defaults the invoice date as the terms date.
- If you select Invoice Received, when you enter invoices, Oracle Payables prompts you to enter the date on which you received an invoice as the terms date.
6. In the Pay Date Basis field, select Due or Discount as the pay date basis for the supplier. The pay date basis determines the pay date for the supplier’s invoices.
7 In the Payment Method field, select the method you use most frequently to pay the supplier’s invoices:
- If you select Check, you can pay with a manual payment, a Quick payment, or in a payment batch.
- If you select Electronic, you pay electronic payments either through the EDI Gateway or by delivering a payment batch file to your bank.
- If you select Wire, you can manually record an external wire transfer of funds between your bank and your supplier’s bank.
- If you select Clearing, you can record invoice payments to internal suppliers.
- If you select Future Dated, you can create payments with a future date that instructs your bank when to disburse funds to your supplier’s bank (for example, a bill of exchange).
- If you select Manual Future Dated, you can disburse funds to a supplier who sends an invoice with a payment notice attached. You approve the supplier’s payment notice, which includes a future payment date, and send it to your bank.

8. In the Invoice Currency field, select the default currency for all supplier invoices.
9. In the Payment Currency field, select the default currency for payments to the supplier.
10. Always Take Discount: Select this option to have Oracle Payables always take the available discount for a supplier, regardless of when you pay the invoice.
11. Exclude Freight From Discount: If this option is selected, Oracle Payables automatically subtracts the freight amount from the invoice amount when calculating the invoice amount subject to discount.
12. Allow Interest Invoices: If you select this option, Oracle Payables calculates interest for the supplier’s overdue invoices and creates corresponding interest invoices when you pay the overdue invoices. You can select this option, if you have already selected the Allow Interest Invoices check box in the Payables Options window.
13. Pay Alone: If you select this option, Oracle Payables creates a separate payment for each invoice. If the Pay Alone option is not selected, all invoices for the same supplier site are paid on a single payment.