ERPstuff - Oracle EBS Community

Hi,

While reading about Fastformula I came across the below line.

"Prepared records in the format you require for the magnetic tape writer"

Can you please explain me how the fastformula can be used to prepare records that would be written to tape?

ta
Arvin

Dear Arvin,

Here, it is referring to the Magnetic File Transfer process (the bank output file). You can use the fast formula to generate the bank file in the Bank Format (tape).

Best Regards,

Ahmad Ghanem

Bank file that is will be send to bank or the file that is received from the bank?

Arvin by the way what kind of file you can receive from bank for payroll? You will always be sending advise to the bank from payroll so the bank will import/upload and will transfer the amounts into employees accounts. tks