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Select Payments for Bank Remittance
Select Payments for Bank Remittance
The Bank Remittance Selection conversation allows you to select payments you want to remit to the bank based on criteria you specify. This conversation also allows you to specify which banks you want the remittances sent to, how much each bank should receive, what remittance procedure should be used, and what support the remittance will use (paper or magnetic). The Bank Remittance Selection Program is then run. A payment is selected for remittance when its amount does not exceed the total amount allocated for a selected bank and the payment meets all selection criteria.
Select Selection Criteria Screen
l. Enter the Bank Remittance Selection option on the Draft Management Menu. This will display the Bank Remittance Selection screen (DM310S01).
Select Payments for Remittance
2. To select a payment, first enter data in the enterable fields on the Selection screen and press the ENTER key. Enterable fields are underlined on the screen.
Four kinds of data are entered on this screen: required data, bank selection data, limit to data, and sorted by data.
Required data must be entered in order to process the transaction. These fields appear on the top third of the Bank Remittance Selection screen. Required fields are company/location, remittance type, and remittance support.
The bank selection data specifies information about the bank. This information is optional except for the first bank line. It includes the bank code, the bank amount, and bank currency.
The limit to data allows you to specify payment types, document currency, and due dates that would limit the payments eligible for selection.
The sort by data allows you to specify the order in which you would like the payments selected, either by ascending or descending amounts.
Press the ENTER key to submit a job to run the Bank Remittance Selection Program (DM520E) and print the Bank Remittance Selection Report (DM520A). The message Requested Job(s) Submitted is displayed on the screen.
Press F3 - Exit to return to the Draft Management Menu.