Payment Scenario 1 - Domestic Payments (LCY to LCY)

You can use telebanking for trade with domestic and foreign customers and vendors. This topic describes a scenario where the trade is with domestic customers and vendors.

The following list describes the main steps:

  1. Create Vendor/Customer.
  2. Create Vendor/Customer Bank Account.
  3. Create and Post Purchase Invoice for Vendor or Sales Invoice for Customer.
  4. Create Proposal.
  5. Create Payment History.
  6. Export Payment History.
  7. Import Bank Statement.
NOTE

In the examples below some standard CRONUS data is being used. Likewise instead of creating a vendor/customer and a vendor/customer bank account you could use existing data.

Create Vendor/Customer

Create vendor/customer and enter all necessary information. Special attention should be paid to the following fields:

NOTE

In order to be able to enter a bank account in the Bank Account vendor/customer bank accounts must be available. See below.

Example

Olek Johansson (code OLEK) is one of our local vendors. Purchase invoices will be paid through our national bank account (code ABN) to his bank account (code OJBA). Both bank account ABN and OJBA are denominated in local currency (LCY). Therefore, on Olek Johansson's vendor card we leave the Currency Code field empty, fill the Transaction Mode field with ABN that is linked to our bank account, ABN, and set the Bank Account field to OJBA.

Create Vendor/Customer Bank Account

Create vendor/customer bank account and enter all necessary information. Special attention should be paid to the following fields:

Example

Olek Johansson's bank account (code OJBA) is denominated in local currency (LCY). Therefore, on Olek Johansson's vendor bank account card we enter a valid number in the Bank Account No. field, leave the Currency Code field empty and fill the fields on the Owner Information FastTab with appropriate values.

Create and Post Purchase Invoice for Vendor or Sales Invoice for Customer

Create a purchase/sales invoice and enter all necessary information. Special attention should be paid to the following fields:

By default these three fields will be populated with values taken from the vendor/customer card.

When the invoice is finished it can be posted.

Example

When creating a purchase invoice for Olek Johansson we enter OLEK in the Buy-from Vendor No. field. By default the Currency Code, Transaction Mode and Bank Account fields will be populated with values taken from the Olek Johansson's vendor card. Therefore, the Currency Code, Transaction Mode and Bank Account fields will be , ABN and OJBA respectively. Nevertheless, these values can be changed.

Create Proposal

Open the Telebank - Bank Overview page and browse to the bank through which we want to perform our payment. Open the Proposal page and generate payment proposals using the Get Proposal Entries batch job.

Example

Through the Telebank - Bank Overview page, we open the Proposal page for our bank, ABN. Using the batch job, one proposal line will be created for the purchase invoice we just created and posted for vendor OLEK.

Create Payment History

From the Proposal page, we process our proposal into a payment history. The proposal will disappear and can be found on the Payment History Overview page for the same bank.

Example

We process our proposal concerning the payment to vendor OLEK and open the Payment History Overview page for our bank, ABN. The last payment history is the one we just created.

Export Payment History

Open the Payment History Overview page, browse to the relevant payment history and choose the Export action. The export batch job will appear for the export protocol that is linked to this payment. For this export the system already has entered appropriate filters. Check, if wanted, any of the fields on the Options FastTab, and then choose the OK action to export the payment. The system will generate a text file using a filename as defined in the Default File Names Field field of the export protocol, which now is ready to be sent to our bank.

Import Bank Statement

After receiving electronic bank statements from our bank we can import them by running the appropriate import protocol from the Import Protocol List page.

Example

The bank statement containing our payment to Olek Johansson will be sent to us by our bank, ABN. Therefore, we should chose OFFICE NET EXTRA as the appropriate import protocol.

See Also

Create Proposals
Create and Export Payment History



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