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Related topics
This functionality allows you to maintain distinct bank identities (and related information). The bank identity number is used to identify the specific bank, within Germany, which is sending the statements for matching and reconciliation.
Options
Selection fields
- Bank ID
- This column lists the unique bank identity numbers of the corresponding banks.
- Name
- This column lists the respective names of the banks.
- Address line 4
- This column lists the respective locations of the banks.
Work with bank identity (DEFD95004)
On this panel you maintain or add new bank identities and their related information.
- Bank identity
- Enter the unique bank identity number.
- Address line 4
- Enter the location of the bank.
- Bank name
- Enter the name of the bank.
- Address line 1-3
- Enter the additional bank address details.
- Postal code
- Enter the postal code of the region where the bank is located.
- Own bank ID Attr
- Indicate the own bank identity type.
Value Description 1 Main bank 2 Subsidiary bank
- Own bank ID
- Enter the bank identity of the own bank. This is used for internal information for the subsidiary banks having the same bank identity as the main bank.
- Own account
- Indicate the own account type.
Value Description 1 Automatic payments allowed for the account. 2 Automatic payments not allowed for the account.
- Succession institute
- Enter the description of the succession institute if the bank is not active anymore (and taken over by a succession bank).
- Bank name (success)
- Enter the name of the succession bank if the bank is not active anymore (and taken over by a succession bank).
- Bank name (short)
- Enter a short name of the bank that is to be used in the printed documents (invoice, forms, etc).
- Short name (BTX)
- The functionality corresponding to this field is currently not in use.
- Bank ID for PAN
- Enter the institution number for PAN, if the bank provides credit cards for international credit card payments.
- Public bank ID
- The functionality corresponding to this field is currently not in use.
- BIC-code
- Enter the BIC (Bank identifier code) for the bank. The BIC (or SWIFT code) is a universal method of identifying financial institutions in order to facilitate the automated processing of payments. The code specifies the bank, country, specific location and branch.
- Check digit
- Enter the check digit used for generating the account number.
The check digit is a numeric digit used to ensure that the account numbers are entered accurately. For instance, consider an account number as “036000241457”. The last digit is the check digit, i.e. 7, and if the other numbers are correct, then the check digit calculation must produce 7.
1 Add the odd number digits: 0+6+0+2+1+5 = 14 [Add the digits (up to but not including the check digit) in the odd-numbered positions] 2 Multiply the result by 3: 14 × 3 = 42 [Multiply by 3] 3 Add the even number digits: 3+0+0+4+4 = 11 [Add the digits (up to but not including the check digit) in the even-numbered positions] 4 Add the two results together: 42 + 11 = 53 [Add the results in step 2 & 3] 5 To calculate the check digit, take the remainder of (53 / 10), which is also known as (53 modulo 10), and subtract from 10. Therefore, the check digit value is 7.
Work with bank identity, Copy (DEFD95005)
- Bank ID
- Displays the bank identity code you selected to be copied.
- New bank ID
- Enter the new bank identity code that you are creating.
- New address
- Enter the new location of the bank.