Field help (FCTPAYBANK)

This field shows the bank account that is used for all transaction with this factor. A factor must be linked to a bank account. You can only edit this field if the factoring type is not set to Standard.

The payment bank populates the following display-only fields:

Company/Site— This is the company/site for the factor. It must be compatible with the company/site for invoices being settled by the factor.

Currency — All the journal entries in the bank account use the currency allowed (currency of the account or currency of the company) and in the site of the bank (or in the main site of the company).

Rate type— When the invoice currency is different from the bank currency, the rate type is used to calculate the exchange rate.

The currency of this bank is used in the Receipt postingand Payment notificationfunctions.