AP Payment Processing - Credit and Fund Transfers

Credit transfers occur when payments are made to your bank and your bank pays suppliers. Fund transfers occur when you specify the payment amount to the bank and the bank transfers the payment amount to the supplier's bank. The payment procedures for credit and fund transfers are the same as normal payment processing. The system requires that you enter Sort Code, Bank Name and Bank Account on the Payment format of the Supplier AP Controls screen MPBE for credit and fund transfers.

NOTE The menu path shown is the default for the system. Your company may have customised menu options, so the path shown may not be accurate. Please contact your system administrator for details.