Before setting up the bank details, Mary gives a little explanation.
Default bank details vs. Other bank details
A company can have several bank accounts, and this, in different banking institutions. The use of several business accounts can be for some companies a guarantee of reinforced clarity. Indeed, each account can be used to identify different operations.
For example, one bank may be chosen to manage the company's own expenses with different accounts: salaries, purchases, etc., and another bank may be chosen to manage customer payments with different accounts: account for private customers, account for business customers.
In Frisbii, everything is managed in the Bank details object. It is accessible from the Corporate Names tab, but also from an Invoice or a Quotation.
Corporate Name
In the Corporate Names you set the Default Bank Details. These apply to all invoices and offers issued with this Corporate Names, if you do not set up Other Bank Details.
Invoice/ Quotation
You can choose bank details in the Other Bank Details field. If you leave this field blank, the Default Bank Details, those defined in the Corporate Names, will apply.
Configuration of the bank details on the Corporate Names tab
Linda wants to fill in the Default Bank Details. There are two possibilities:
Either she adds them from the Default Bank Details field on the Corporate Names tab by clicking on the + icon :
- Or she uses the associated list named Bank Detail available in the Corporate Names tab.
Please follow this procedure:
Steps
- Go to the Corporate Names tab.
- Click on the small arrow in the related list named Bank Details and then click on New.
Fill in the fields as explained below.
Explanation of the fields
A)
Record Name : Each record needs to have its own name, quickly identifiable.
Corporate Name : Link to the corporate name you set the bank details up for.
B)
Bank Domiciliation : The bank domiciliation of the account (name of the bank and city).
RIB : stands for Relevé d'Identité Bancaire (Bank Identification Statement). It identifies the holder of a bank account and can be used to facilitate transfers or direct debits. It also serves as proof that the beneficiary has a bank account with the institution in question.
The bank code (first group of 5 digits) followed by the branch code or agency code (also 5 digits), the account number (21 digits or letters) and the RIB key (2 digits)
IBAN : stands for International Bank Account Number. The IBAN code is an international standard that identifies a unique bank account.
It starts with the country code, FR for France, the 2-digit IBAN key and the 23-digit RIB.
BIC : stands for Bank Identifier Code, the international identifier (numbers and letters) of the bank. It is also called SWIFT Code, which stands for Society for Worldwide Interbank Financial Telecommunication.
There are two types of BICs:
An eight-character BIC - also known as BIC8: Identifies a financial or non-financial institution in a country or city.
An 11-character BIC - BIC11: Identifies the branch of an institution.
C)
Bank : Name of your credit institution..
Account : You can choose the account (client account existing in your org) to which you want to attach these bank details.
Contact : You can designate the contact (existing in your org) to be preferred for these bank details.