Selecting Banks and Planning Available Amounts
The payment program helps you to optimize your payments. To schedule your cash receipts and payments, you must:
Defining Bank Selection
If you have several bank accounts for the same payment method and the same currency (for example, check accounts in local currency), you can define the sequence by which the payment program is to use these bank accounts. If the funds of the first bank account are exhausted, the payment program automatically selects the second bank account, and so on.
Defining Available Amounts
You can define, per bank account, up to what amount of receipts and payments can be carried out through that account. This can be of benefit, for example, if you want to preserve the ability to pay for an item which is not made by the payment program.
The figureBank Selection shows how the principles of bank selection and control of available amounts work.