about internal, supplier, customer banks?

[sumam2006]

hi friends

i am having one doubt what is the purpose of internal bank,supplier bank and customer bank ?

please clarify my doubt

[raviteja.manchu]

HI,

Internal Bank is the our back account,from this you can make the payments and u can receive the receipts from the customers.

Supplier account is created for the purpose of doing the EFT.in the Bank definition form u will define the supplier account and attach the same in the Supplier site level bank tab.So when u made the payment through wire ,the funds will be transfered to that account.

same like customer account for automatic receipts.

Thanks & Regards,
Ravi Manchu