Contents of the Wire Settings Dialog Box
Use the fields and options on this tab to view or change wire settings for a vendor during a payment run in Vendor Payments.
Contents
Field | Description |
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Reference # | Enter the reference or confirmation number that you received from your bank for the wire payment. |
Wire Fee | Enter the handling fee that your bank charges you for the wire transaction. If you use multiple currencies, the currency of the field matches the currency of the bank for the selected vouchers. |
Override Fee Debit | This check box is enabled only when you enter a value other than zero in the Wire Fee field. Select this check box to enter a different wire fee debit account and work breakdown structure (project, phase, or task) to override the default entries for the direct debit account, project, phase, task, or in-process account settings that are entered in the Wire Transfer Fee Debit section of the Options tab in . |
Account | This field displays when you select the Override Fee Debit check box. Enter the general ledger account to debit for the wire fee. |
Project | This field displays when you select the Override Fee Debit check box. Select the project for the wire fee. |
Phase | This field displays when you select the Override Fee Debit check box. If you use phases, select the phase for the wire fee. |
Tasks | This field displays when you select the Override Fee Debit check box. If you use tasks, select the task for the wire fee. |
Payment Amount | This field displays the total payment value in the payment currency for selected vouchers for the vendor. |
Exchange Rate |
This field is disabled if the payment currency and the bank currency are the same for the selected vouchers. If the payment currency and the bank currency do not match, you must enter an amount in the Bank Amount field. Enter the exchange rate in this field. You can update this field by performing one of the following actions:
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Bank Amount |
This field is disabled if the payment currency and the bank currency are the same for the vouchers selected for the vendor. Enter the bank amount in this field. You can update this field by performing one of the following actions:
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Notes | Enter notes for the wire payment run. |
Bank Total | This field displays the total of the selected vouchers and the wire fee, in the bank's currency. If the bank currency and payment currency do not match, the field remains blank until you enter an amount in the Bank Amount field or an exchange rate in the Exchange Rate field. |
Bank Details Section
Enter information about the vendor's bank that is receiving your wire payment.
Field | Description |
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Bank Name | Enter the name of the bank. |
Address | Enter the bank's address. |
City | Enter the city for the bank's address. |
State/Province | Enter the state or province for the bank's address. |
ZIP/Post Code | Enter the ZIP or postal code for the bank's address. |
Country | Enter the bank's country. |
Bank ID Type | Select the bank's ID type, such as Bankers Automated Clearing Services, ABA/Routing, or Swift Code. The options in the drop-down list vary, based on the settings that you or your system administrator established in . |
Bank ID | This field displays the bank's identification number that matches the ID type you entered in the Bank ID Type field. |
Vendor Name | Enter the name of the vendor who is receiving the payment. |
Account ID Type | Select an account ID type, such as Account Number or ACH. The options in the drop-down list vary, based on the settings that you or your system administrator established in . |
Bank Account ID | Enter the bank account number. |