Setting Default Department, Class, and Location Values
In the accounts where preferences for department, class, and location values are required, you need to enter the respective values while creating any bill or journal entry. With this, when an auto funding Journal or money transfer journal is created automatically from Payment Automation, Journal creation will fail as department, class, and location values were not captured.
The preference page includes three fields: Department, Class, and Location. An administrator sets these values and they will be used as default values for creating journals for all payments with auto funding, money transfers, and monthly invoice funding. If any of these values are made inactive, journal creation will fail.
This setup is a one-time process and applies only to the autocreation of journals within Payment Automation.
In a multi-subsidiary setup, you need to setup the preferences for department, class, and location for each subsidiary separately.
To set the default values:
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Go to SuiteBanking > Setup > Preferences > View.
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In the Preferences subtab, click New Account Preference.
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Select the Department, Class, and Location from their respective lists.
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Click Save.
Related Topics
- Setting Up Payment Automation
- Installing the Payment Automation SuiteApp
- Applying for an HSBC Online Account
- Generating Payment Tokens
- Auto-Funding
- Vendors
- Setting Up Vendor Payment Approval Routing
- Setting Up Batch Approval Routing
- Setting Up Two-Factor Authentication (2FA)
- Setting Up Roles and Permissions
- Setting up a Custom Role to Make Money Transfers
- Setting Email Preference
- Setting Default Bank Fees Account
- Frequently Asked Questions about Payment Automation