Bank Reconciliation > Recurring Bank Transactions > Recurring Bank Transfers

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

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

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

Alternatively, you may manually enter in this field the characters of the bank # or bank account description. Select from the search result list the bank # that you want to use. Once a valid bank account is entered in the Source Bank #, the corresponding bank name, bank account number and account description will be displayed in the Source Bank Details area in the Information Page.

3.Enter in the Recurring Transaction # field a number that you want to assign to the recurring bank transfer template. This recurring transaction number will be used when generating the recurring bank transfer.

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

5.The GL Distribution Page allows you to view the GL Account IDs that will be used in recording this bank fund transfer. For more details, see the GL Distribution Page section.

6.Enter narrative information about this bank fund transfer in the Remarks Page. For more details, see the Remarks Page section.

7.To save the bank transaction click the Save button in the 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 process is complete, a message window pops-up and shows the saved recurring transaction # which is the same as the value entered in the Recurring Transaction # field. Click Ok to close the window and return to the Recurring Bank Transfer Setup function tab.

Set Up Recurring Transfer Template

Set Up Recurring Transfer Template

See Also