Bank code

Code defined for each bank account. There can be many bank codes assigned to a bank account number. This is for easy identification of Bank account number. Each Bank code is mapped to a Finance book.

Bank Account No

A unique number identifying a bank account, which is assigned by the bank.

Bank Book

The book of details pertaining to a bank such as the accounts maintained by the company. This will reflect the transactions that have affected the balances, the receipts deposited and payments made through the bank account no.

Bank Charge

Charges incurred by the bank for certain transactions. Bank charges can be defined based on the bank charges type and the payment mode. These charges can be set both in charge currency as well as transaction currency.

Bank Charges Type

The type of bank charges that has been created in the “Quick Code” business component. Bank charges can be set only for a bank that is in “Active” status.

Bank Clearing No

A unique number allotted to a bank by the central bank of the country which is used while carrying out inter bank transactions at the clearing center.

Bank Reference

A unique number identifying a bank.

Bank Type

There could be different types of bank such as “Foreign Bank”, “Local Bank” etc.

Bank Usage

Usages defined for bank code, which allows other business components to use this the specified bank code for the transactions.

If a component has to use the details of a particular bank code then the usage of the bank must have been mapped to that component.

Cash Book

Cash book has a number of cash codes defined under it. All transactions using cash, as mode of payment or receipt will be kept track of, in order to maintain cash balance.

Cash Code

The code identifying the cash. Some examples of cash accounts are petty cash and voucher conveyance. Cash codes can be maintained in any of the permitted currencies.

Cash Usage

Usages defined for cash information, which allows the cash code to be used in transactions of other business components.

If a component has to use a cash code, then the usage denoting the particular transaction of the component must have been mapped to the cash code.

Check Payment

Payments are made to the customer by issuing checks.

Credit Limit

It is the maximum limit till which the company can withdraw from the account. The purpose of this limit is to keep a check on the account balance and that it does not exceed the credit limit specified by the bank.

Currency

The code identifying the currency in which a transaction takes place.

Drawable Limit

This is the limit till which the company can draw the funds from the bank but within the credit limit.

DTA ID

The number identifying the file transfer payment mode supported by banks. Various DTA payment modes are:

• ESR payment

• Inland payment

• Foreign payment

• Check payment

• LSV payment

ESR + Participation ID

The number identifying the ESR+ participation of the company with the bank / PTT. This can be a 5 or 9 digit number.

ESR Participation ID

The number identifying the ESR participation of the company with the bank / PTT. This can be a 5 or 9 digit number.

ESR Payment

ESR is a payment type that is used for receiving payments against invoices raised on customers or making payments to suppliers who have submitted invoices where the payment type is specified as ESR.  There are two types of ESR payments

ESR – The ESR type of invoices, the amount to be paid is fixed and is equal to the invoice amount.

ESR + - The ESR+ numbers refers to invoices with adjustable amounts.

File Transfer for Bank

It is a widely used method of interacting with the banks. It reduces the need for manual intervention for recording receipts and payments. You can create the file transfer details for bank.

File Transfer for PTT

It is a widely used method of interacting with the PTTs. It reduces the need for manual intervention for recording receipts and payments. You can create the file transfer details for PTTs.

Finance Book

An entity that holds financial data and acts as a source for the generation of financial statements.

Finance book definition is based on the level at which the company desires to take balance sheets and income statements.

Foreign Payment

Payments are made to overseas parties like customers, suppliers etc.

Inland Payment

Payments are made to parties within the country like customers, suppliers etc.

Interest Rate

These are the interest rates applied by the bank on the debit, credit and overdraft balances.

LSV ID

The number identifying the LSV participation of the company with the bank / PTT.

LSV Payment

LSV (German - “LastSchriftVerfahren”) translates as “Direct bank account charge process”, a payment process used in Germany and Switzerland.  The principle is that the when an invoice is raised on a customer, his bank account is charged directly for invoice value instead of waiting for the customer to release the payment.  Conversely the supplier would directly charge the company’s bank account on submitting an invoice.

Over Draft Amount

An amount due to the bank, which is limited to a specific amount, which is money overdrawn in excess of money, deposited to the bank account.

PTT

PTT (Postal and Telegraph Transfer) is a facility similar to bank operated by the Postal Division in Switzerland. All transactions that can be routed through a bank can be routed through a PTT also.

PTT Clearing No

A unique number allotted to a PTT by the central PTT of the country, which is used while carrying out, inter PTT transactions at the clearing center.

PTT Reference

A unique number identifying a PTT.

PTT Type

A specification of whether the PTT is a foreign PTT. If the head quarter of the PTT is not located in the same country, then it is termed as a foreign PTT.

SAD ID

The number identifying the file transfer payment modes supported by PTTs. Various SAD payment modes are:

• Inland payment

• Transfer to postal account

• Transfer to bank account

• Money order

• ESR Payment

• Foreign payment

• Transfer to postal account

• Transfer to bank account

• Money order

SWIFT No for Bank

A unique number, used for transacting with international banks.

SWIFT No for PTT

A unique number, used for transacting with international PTTs.