vendor bank name in Payment Means

[Former Member]

Dear ALL

I just want to have one clarification...

the Bank name which we are defining in payment means for incoming payments,whether its vendor's bank name or company's bank name....

Kindly clarify on this...

Edited by: kaleeswaran.T on Jun 15, 2011 1:13 PM

Edited by: kaleeswaran.T on Jun 15, 2011 1:14 PM

[Former Member]

I'll explain the Scenario,

we are posting an incoming Payment for 'Account" category.........

In Payment Means Window,we are selecting "Check", here we defining the bank name and Account number

*So whether the Bank name and Account belongs to Customer or company

[Former Member]

Hi kaleeswaran,

Thats simple

You have to receive checks from your vendore so is the VENDORE CHECK NUMBER

& this Check Deposite in our bank so thats the COMPANY BANK

Thanks,

Srujal Patel

[Former Member]

Hi,

Your first posting is misleading because you use Vendor instead of Customer.

For your question, the Incoming payment always needs your company bank name and account information to deposit customer check.

Thanks,

Gordon

[former_member196081]

Hi,

Accounts belong to the company.

Regards

Deepak

[Former Member]

Hi kaleeswaran,

This is the Company's Bank Name.

For the Setup Go to Administration / Setup / Banking / & then setup House Bank Accounts & Banks

Thanks,

Srujal Patel

[former_member196081]

Hi,

These are company bank names from which company issue the checks..

Regards

Deepak Tyagi

[Former Member]

Hi Deepak,

How we are receiving the Amount so receiver bank name only need to come?

if am wrong means please explain me??

regards

anand