Bank Reconciliation > Recurring Bank Transactions > Recurring Disbursements

To set up a recurring bank disbursement template, perform the following steps:

1.Access the Recurring Disbursement Setup function from the Transactions Menu of the Bank Reconciliation module.

2.The Bank # field automatically displays in a list the bank accounts available for use in the Bank Reconciliation module. Select from the list the bank's code for whom you want to set up this recurring disbursement template.

Alternatively, manually enter in this field characters of the bank # or bank account description. Select from the search result list the bank # that you want to use.

3.Enter in the Recurring Transaction # field any alphanumeric code that you want to assign to the recurring disbursement template. This recurring transaction number will be used when the recurring disbursement template is generated.

4.The Information Page allows you to set up the transaction code, required settings and general information about this recurring disbursement. For more details, see the Information Page section.

5.The GL Distribution Page allows you to define the GL Account IDs to which you want to post the bank disbursement transaction whenever the recurring disbursement template is generated. For more details, see the GL Distribution Page section.

Note: This page is accessible only if the Post to GL checkbox in the Information Page of the Recurring Disbursement Setup function is marked.

6.In the Remarks Page, enter a narrative information about this disbursement transaction. For more details, see the Remarks Page section.

7.To save the recurring bank disbursement template, click the Save button in the function Transactions toolbar; otherwise, click the Cancel button to remove all the settings made or click the Close button to exit from this function without saving your settings. After the save process is complete, a message window pops-up informing you that the recurring disbursement template is successfully saved and shows the recurring transaction # for the template. Click Ok to close the window and return to the Recurring Disbursement Setup function tab.

Set Up Recurring Disbursement Template

Set Up Recurring Disbursement Template

See Also