Starting 2022.1, you can process payments using primary or secondary entity banks.
A new custom field Entity Bank(Vendor) is added on the EFT subtab in the transaction types Bills, Bill Credit, Bill Payment, Commission, and Expense Report.
All the entity banks of the vendor are shown in the Entity Bank (vendor) custom field in transaction regardless of their bank type (primary/secondary) and subsidiaries.
Selecting an entity bank at the transaction level does not depend on the EFT Bill Payment setting on the EFT Bill Payment Processing page.
The SuiteApp also includes a new EFT Global Bill Payment Processing page. On this page, you can select the company bank and corresponding A/p account.
Then all transactions using the respective entity bank will be listed on this page. Users can submit the transaction for payment processing using the secondary bank.
The following transactions will not be processed on the EFT Global Bill Payment Processing page:
■ Transactions where an entity bank is not specified. These transactions are processed from the Bill Payment Processing page.
■ Transactions where an inactive entity bank is selected. The inactive entity bank remains selected on the transaction, but the transaction will not be processed by the SuiteApp.