534857304

Chapter 14 ■ Defining FI Accounts Receivable and Accounts Payable
■■Note
subaccounts the payment methods are posted to:
G/L account 111412: Barclays Bank Check issued out (the account check payments posted for Barclays Bank).
G/L account 111414: Barclays Bank Outgoing transfer (payments made by bank transfer are posted in this
account for Barclays Bank).
G/L account 113155: HSBC Bank Check issued out (this is the account check payments are posted for HSBC).
G/L account 113158: HSBC Bank Outgoing transfer (payments made by bank transfer are posted in this account
for HSBC).
The final step is to specify the available amount in each bank account used by your payment program.
Available Amounts
The Available Amounts field holds the funds available in your selected bank accounts. You specify the
amount available for incoming and outgoing payments. During the payment run, the payment program
will check the selected bank accounts to find the bank account with sufficient funds, based on your ranking
order. If the funds are insufficient in the first bank account, the payment program will automatically check
the second bank account, and then the third bank account, until it finds a bank account with sufficient funds
for payment.
The payment program does not conduct amount splits, but the system can check your bank account
based on ranking order to find out which bank account has sufficient funds for payment. If none of the bank
accounts assigned to the payment have sufficient funds, payment will not be carried out. Before running the
payment program, ensure that you have available funds.
Double-click the
folder on the left side of the screen (see Figure 14-30) and the Change
View “Amount Available”: Overview screen is displayed. Click the
button at the top of the screen
and the New Entries: Overview of Added Entries screen comes up. Update the following fields:
House Bank: Enter the House Bank key you defined in your house bank
customizing in Chapter 9. This will allow you to specify available funds in the
bank account with this house bank key in your payment program.
Account ID: Again, enter the Bank Account ID you defined in the house bank
section of Chapter 9. In conjunction with the house bank key, you specify the
available funds for each of the selected bank accounts in your payment program.
Days: This field is important when you want to post payments before their due
date. If you are not posting payment of bill exchange due date, enter 999 in
this field. This indicates the maximum number of days you can include in your
payment.
Using the information in Table 14-4, specify the banking accounts for the paying company code
(Figure 14-31).
250