Define Bank Identifier Codes for Employee Payment
Explanation
This activity is used to define the bank identifier codes (BIC's) for banks in
different countries. The BIC is required to be an alphanumerical value of a
length of 8 or 11 characters. The country of the bank is indicated in the BIC by
specifying the ISO country code in the position of the 5th and 6th characters.
Bank identifier codes can be defined for all banks that will be used for
transactions in employee payments.
Prerequisites
There are no prerequisites
System Effects
- The BIC of the employee's bank can be assigned to the employee
in Employee/Employment/Properties tab.
- In the Employee Payment Methods window, the BIC
of the company's bank can be specified for each employee payment method.
Window
Bank
Identifier Codes
Related Window Descriptions
Bank Identifier Codes
Procedure
- Open the
Bank Identifier Codes window.
- Click New and enter the bank identifier code in the BIC/SWIFT
Code field.
- You can enter the description of the bank identifier code and the city
of the bank in the Description and City fields respectively.