Enter National Bank Codes

Explanation

In this activity, you enter National Bank Codes, i.e. statistical information needed for reporting to a "national" bank of a country. The reporting includes a certain code and additional information about the nature of transaction. The National Bank Code is used when entering invoice information for a supplier or customer and one code is valid for the entire invoice. The National Bank Code must be used when creating foreign payment files in many countries.

Prerequisites

There are no prerequisites for this activity.

System Effects

As a result of this activity, a national bank code is entered in the system.