Remittance - Outward Processing
Remittance-outward instrument type is used for entering an inter-branch or inter-bank remittance.
The following are changes are applicable to the instrument issue process flow for supporting Remittance-outward:
Initial Validations
- The issuer branch and transaction branch are same.
- Payable Bank Code and Payable branch are mandatory.
Instrument Number Generation
The system generates next serial number for the instrument code and populate as instrument number. The serial number starts with 1 preceded with zeroes.
Test Key Generation
System checks whether Test key maintenance is available for the Instrument Code and Payable bank code in Test Key maintenance.
If Test key maintenance is available, system generates the Test Key and populate the same for the Remittance-outward issue transaction. If the Test Key generation fails, the transaction is moved to process exception queue. You can retry or cancel the transaction from PE queue.
Accounting Changes
If the instrument type is Remittance outward, the Payable GL pick up is based on the external Bank Code maintenance PIDEXTBK. If GL is maintained in the maintenance PIDEXTBK, without account branch, then in accounting GL branch is populated as transaction branch.
Parent topic: Processing Remittances