This activity is used to register (or modify) bank transaction codes. These bank transaction codes later will be assigned to transactions in the cash account. Bank transaction codes identify the transactions from the bank, which makes it easier to match transaction. You also can use the bank transaction code to calculate the value date of a particular type of a transaction. When a bank transaction code is assigned to an automatic payment transaction in the cash account, the value date calculated for the bank transaction code will determine the date on which the cash account in the bank is expected to be affected by the transaction.
There are no prerequisites.
As a result of this activity, the bank transactions codes will be registered in the system. These will be used in every cash transaction in the system.