Payment details are identified by

• the partner
• the company code
• the currency in which payment is made

You can see how the bank details are assigned by choosing Partner bank details (the partner bank’s ID), where the bank details that are valid for a partner are defined.

The partner bank details control which of the business partner’s banks is used. You can enter several sets of bank details for one business partner.

When you define the payment details, you can enter the Payment type (customer accounts and/or G/L account posting) and the Payment method, depending on the business practices used, e.g. check, credit transfer, and so on.

You can also define the Payment method supplement, which is a characteristic for grouping payments.

In addition, you can enter the House bank ID and the House bank account ID (the account at the relevant house bank). With the House bank ID, you define your own bank details, which are generally to be used for payments to and from your partner. The system checks the currency of the house bank account against the currency entered for the payment details.