Payment purpose codes

Payment purpose codes allow users to select the reason why a payment is occurring and making sure the correct information is included.

Create a payment purpose code

Go to Cash and Bank Management>Setup>Payment Purpose Codes then select ‘new’

Machine generated alternative text: [ Njj ?(Delete Payment purpose codes (1 - usn
cross-border Transaction central bank purpose code:
Non-Border Transaction Name:
Services -
i General
Loa n s
Purpose text:
Other Payments

From here enter the codes used when reporting to the central bank (official bank), then enter the name of the -payment purpose code.

Then select the ‘General’ fast tab- enter a description of the payment purpose code then enter any addition information about the payment purpose code in the ‘Text’ Field. Then close the form.