Supplier Account in Bank Setup - AP

[rajanimadhu2008]

Let me know why supplier account is created in Bank account in Payables. And also let me know about Electronic Fund Trsf, EDI ID NO


Rajani

[kumar_apps]

Hi,

The supplier Bank Account in paybles is used to record the Refund transactions, and the Electronic Fund Transfer is the fund(payments of Invoice) transfer system with Supplier banks which are having provision of EFT in their Bank Account and are configured with our Bank.

This clarifies part of your question and I understand EDI - would be Electronic Data Interchange.

Regards
Kumar