Setting Up Bank Records of Vendors for J.P. Morgan Freeform GMT Payments
Set up the bank account records of each vendor to whom you will send electronic bank payments. You can set up multiple bank accounts for each vendor.
To set up vendor bank details for J.P. Morgan Freeform GMT payments:
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Go to Lists > Relationships > Vendors.
For information on adding a vendor, see Creating a Vendor Record.
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Click the Edit link next to the name of the vendor.
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On the Bank Payment Details subtab, check the EFT Bill Payment box, and click Save.
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Click New Entity Bank Details.
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Complete the fields on the New Entity Bank Details page:
Field
Description
Name
Enter a unique name for this entity bank detail record.
Payment File Format
Select J.P. Morgan Freeform GMT.
Type
Select whether the bank account is the vendor’s primary or secondary bank account.
Account Number
Enter the vendor’s bank account number.
Swift ID/BIC
Enter the Business Identifier Code (BIC), also called SWIFT code, of the vendor’s bank (eight or 11 characters).
Bank Name
Enter the name of the vendor’s bank.
Bank Address 1
Enter the street address of the vendor’s bank.
Bank Address 2
Enter the city or state where the vendor’s bank is located.
IBAN
Enter the vendor’s International Bank Account Number (IBAN).
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Click Save.
Related Topics
- File Cabinet Overview
- Creating Accounts
- Setting Up Company Bank Records for J.P. Morgan Freeform GMT Payments
- Setting Up Bank Records of Employees for J.P. Morgan Freeform GMT Payments
- Setting Up Bank Records of Customers for J.P. Morgan Freeform GMT Payments
- Setting up Bank Records of Partners for J.P. Morgan Freeform GMT Payments