Setting up a bank for BACS

For electronic AP payment remittance, if you are enabling BACS transactions, you must specify a BACS format for your vendor's bank.

If you are creating a new bank, see the online help for setting up a bank.

  1. Select Check Reconciliation > Setup > Bank.
  2. In the Search pane, in Bank, specify the bank; in Status, select Active; click Search.
  3. In the grid, drill down to show the bank record.
  4. Click Edit.
  5. In the Account Information section, in BACS Format, specify either BACSTEL or LloydsLink, as directed by the bank.
  6. Click Save.