Configure the Check Funding Account
Cheque configuration involves the following steps:
Configure the cheque funding account
To configure the funding account for the cheque:
Click Payment Manager.
Click Cheque Configurations. The Check Configuration List page appears.
Click Add Cheque Configuration. The Account tab of the Cheque Configuration page appears.
On the Cheque Configuration page, fill out the fields using the information in the table below (note field appearance is based on currency selection):
Field
Description
Account Name
Required: The name on the account.
Close Time
Required: The time at which batches using this funding account will close and not accept any more payment demands.
NOTE: Any time set after 5 p.m. CST will process the following day.
Cash Account
This is the accounting code that will appear in the Invoice Standard Accounting Extract "Cash Account Code" field for payments made with this funding account.
Liability Account
This is the accounting code that will appear in the Invoice Standard Accounting Extract "Liability Account Code" field for payment made with this funding account.
Bank Name
Required: The name of the bank that services the account.
Currency
Choose from:
USD (United States Dollars)
CAD (Canadian Dollars)
Routing Number
Required: This is the identification number for the bank.
Branch Code
Required: This is the identification number for the branch of the bank.
Institution Number
Required: This is the identification number for the bank institution.
Account Number
Required: This is the number of the funding account.
Next Cheque Number
Required: The number to be assigned to the next cheque to be issued.
Address 1
Required: The address of the funding bank.
Address 2
The secondary address of the funding bank.
City
Required: The city in which the bank resides.
State
Required: The state in which the bank resides.
Territory
Required: The territory in which the bank resides.
Zip (code)
Required: The zip code of the address in which the bank resides.
Postal Code
Required: The postal code of the address in which the bank resides.
Name
Required: This is the name of the client employee who SAP Concur should contact regarding any banking or funding issues.
Email
Required: Client employee email.
Phone
Required: Client employee phone.
Review the funding account information for accuracy, then click Save.
For more information, refer to the Invoice: Invoice Pay User Guide.
