Master Creation
Banks
>>Bank Setup:
The bank directory contains the bank master data. This includes the bank control data, such as the bank code, bank name & bank no.
The bank directory must contain the master data for all the banks that you require for payment transactions with your employees and business partners. This includes your banks, your employees bank and the banks of your business partners.
| Option Name | Description |
|---|---|
| Bank Code | Mandatory and unique field. Enter a new bank code, or the number assigned to the existing bank record being maintained. System is having mechanism to generated auto as well as user can enter desired value for bank code. Value can be acceptable as numeric, alpha numeric with prefix and suffix. |
| Bank Name | Name of the bank. It is a mandatory field, could not accept blank & duplicate value. |
| Bank No | Option for enter bank no. It is a mandatory field, could not accept blank & duplicate value. Bank code is a standard format for bank identifier codes and uniquely identifies banks in Kenya - it says who and where they are. |
>>Bank Branch Setup:
- A bank branch is a retail location where a bank offers a wide array of face-to-face and automated services to its customers. Bank branch is a semi-independent office of a bank. Similar to bank master, bank branch master also uniquely identifies financial institutions that the system uses to validate payment information. Each bank branch record defines the primary information needed to generate financial transactions with employees in a specific country. Use bank branch to enter and manage branches of bank master for the current company. You can enter the primary information for each bank branch through this program. Items you define include parameters such as bank branch code, bank, bank branch name and bank branch no. Use bank branch to add, update and delete bank branch data available in the current company.
Use bank branch to enter and manage branches of bank master for the current company. You can enter the primary information for each bank branch through this program. Items you define include parameters such as bank branch code, bank, bank branch name and bank branch no. Use bank branch to add, update and delete bank branch data available in the current company.
Option Name Description Bank Branch Code Mandatory and unique field. Enter a new bank branch code, or the number assigned to the existing bank branch record being maintained. System is having mechanism to generated auto as well as user can enter desired value for bank branch code. Value can be acceptable as numeric, alpha numeric with prefix and suffix. Bank List of bank name exist in company database. Bank Branch Name Name of the bank branch. It is a mandatory field, could not accept blank & duplicate value. Bank Branch No Option for enter bank branch no. It is a mandatory field, could not accept blank value. They are making a complete bank code after attaching with bank no of bank master. These codes are used when transferring money between banks branches. Banks branches also use these codes to exchanging messages.