Setting up banks

  • 06/02/2024
  • 2 minutes to read

Properly configuring your banks is vital for smooth financial operations and efficient transaction management. The procedure described in this article will guide you through the essential steps to set up banks effectively. By following these instructions, you'll ensure accurate communication with your bank.

To set up banks:

  1. Use the Search icon, enter Banks, and select the related link.
  2. On the action bar, select Manage > Edit.
  3. On the bank page, on the action bar, select Actions > Communication Setup.
  4. Enter or select information for the following fields:
    • Code - select the code for the bank or bank account.
    • Bank/Bank Account - specify whether it is a bank or bank account.
    • System Type Code - specifies the code of the integrator or bank system.
    • System Type - specifies whether it is an integrator or bank system.
    • File Type - select the file format.
    • Transaction Type - specifies the type of transaction, for example, a payment service provider file, a bank statement, or a payment.
    • Enabled - make sure to select the checkbox to enable the record.
    • Default - select the checkbox to make the record the default.