Activating or inactivating bank details

This page allows you to activate or inactivate the bank Account. Tell me more.

Select the “Activate/Inactivate Bank” link at the bottom of the “Select Bank” page.

The “Activate / Inactivate Bank” page appears.

The system displays the following:

Status	The status of the bank account. It must be "Fresh", “Active” or “Inactive”.
	Fresh - indicates a new bank account that is created. It also indicates that the new bank account is not yet mapped to the "Account Rule Definition".
	Active – indicates a bank account number that has been mapped to a bank code in the “Account Rule Definition” business component.
	Inactive – indicates a bank account number that is not in use.
Bank Reference	The number identifying the bank reference.
Bank Name	The name of the bank.

The system displays the following:

Address	The complete mail address of the bank.
	Zoom facility available.
City	The city in which the bank is located.
State	The state in which the bank is located.
Zip	The postal code of the city.
Country	The country in which the bank is located.
Phone No.	The phone number of the bank along with the country code and area code.
Fax	The fax number of the bank.
Telex	The telex number of the bank.
E-Mail	The electronic mail address of the bank.
	Zoom facility available.
Mailstop	The mailstop number of the bank.
Bank Clearing No.	A number allotted to a bank by the central bank of the country This number is used while carrying out inter bank transactions at the clearing center.
Swift No.	A number, used for transacting with international banks. This number will be necessary for file transfer of payments and receipts.
Bank Type	Indicates whether the bank is the foreign bank.

The system displays the following in the “Bank Account Information” group box:

Bank Account No.	The number identifying the bank account.
Credit Limit	The maximum amount till which the company can use for transactions from a bank account.
Drawable Limit	The amount till which the company can draw funds from the bank.
Currency	The transaction currency of the bank account.

Enter the following field to retrieve the bank code of the bank account:

Effective Date From

The date from which the bank account number or bank code is active or inactive (Date Format).

The system displays the following fields in the “Credit Card Information” group box:

Credit Card Account?	Indicates whether the Bank Account is a Credit Card Account or not which could be ‘Yes’ or ‘No’
Recon. Required?	Indicates whether Bank Reconciliation for the given account is required, which could be ‘Yes’ or ‘No’.
User Defined 1	The Customer specific values. The system displays only those quick codes from the entity created for the purpose Bank User Defined -1'
User Defined 2	The Customer specific values. The system displays only those quick codes from the entity created for the purpose Bank User Defined -2'
User Defined 3	Customer specific values.
User Defined 4	Customer specific values.

The system displays the following fields in the “Bank Book Details” multiline:

Bank Code	The code identifying the bank.
Description	The description of the bank code.
Finance Book	The code identifying the finance book in which the bank account details have been posted.
Posting Account Code	The code identifying the posting account in which the bank details have been posted.
Bank Account No.	The number identifying the bank account.
Account Balance	The debit balance available in the bank account.
Dr/Cr	Indicates whether the account is a debit or a credit account.
Credit Limit	The maximum amount till which the company can use for transactions from a bank code
Drawable Limit	The amount till which the company can draw funds from the bank code.
Balance in Excess of Credit Limit	The excess balance utilized above the credit limit.
Overdraft Amount	The overdraft amount
Interest Rate for Overdraft Balance	The interest rate charged on the overdraft amount.
Effective Date for Interest Date	The date from which the interest rate is effective.
Interest Rate For Dr Balance	The interest rate for the debit balance.
Status	The status of the bank code. It could be “Active” or “Inactive”.

Check the box in the “Select” column of the multiline to mark the bank code for activating or inactivating.
Click the “Activate Bank Code” pushbutton to activate the bank code.

Note: You can activate a bank code that is in the “Inactive” status.

The system updates the status of the bank code to “Active”. The system also updates the login ID of the user and the system date in the “Last Modified By” and the “Last Modified Date” fields.

Click the “Inactivate Bank Code” pushbutton to inactivate the bank code.

Note: You can inactivate a bank code that has a zero account balance.

The system updates the status of the bank code “Inactive”. The system also updates the login ID of the user and the system date in the “Last Modified By” and the “Last Modified Date” fields.

Click the “Activate Bank” pushbutton to activate the bank account.

The system updates the status of the bank account to “Active”. The system also updates the login ID of the user and the system date in the “Last Modified By” and the “Last Modified Date” fields.

Click the “Inactive Bank” pushbutton to inactivate the bank account.

The system updates the status of the bank account to “Inactive”. The system also updates the login ID of the user and the system date in the “Last Modified By” and the “Last Modified Date” fields.

The system displays the following fields:

Created By	The login ID of the user who created the bank account.
Created Date	The date on which the bank account was created.
Last Modified By	The login ID of the user who last modified the bank account.
Last Modified Date	The date on which the bank account was last modified.

To proceed, carry out the following

Select the “Attach Notes” link at the bottom of the page to record your observations.

Activating or inactivating bank details – An overview

This page allows you to activate / inactivate a bank code. You can activate a bank code that is in the “Inactive” status. The system updates the status of the bank code as “Active”. You can inactivate a bank code that is in the “Active” status if the bank code has a zero balance. The system updates the status of the bank code as “Inactive”. The system also stores the login ID of the user and the system date along with the bank details.

This page also allows you to activate / inactivate a bank account number. You can activate a bank account number that is in the “Inactive” status. The system updates the status of the bank account number as “Active”. You can inactivate a bank account number that is in the “Active” status if the bank codes that have been mapped to it have been inactivated. The system updates the status of the bank account number as “Inactive”. The system also stores the login ID of the user and the system date along with the bank details.