Accounts Payable Cash Management

Upload Bank Fees

Purpose

This procedure is used to upload bank fees from a file created outside of the system. This is an alternative way of entering these details and allows you to upload bulk entries from credit cards and banks where there can be multiple line items and multiple postings. Using this method a “spread-sheet” style tool can be used to format transactions downloaded from the bank into the structure required for the upload. This is an alternative to entering the fee details into the system via the Manual Payments or Bank Reconciliation functions.

For additional details on creating upload files see the note HERE.

Data Input

Step 1 – File Upload

Upload File

Select the spread sheet file you wish to upload, by clicking Browse. This assumes you have access to the file with the fees from the browser you are currently using.
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Step 2 – Review details

The transaction details of the file selected are displayed so that you can review the data and confirm that the correct file has been uploaded before you continue.
Click Submit to submit all the details.
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Spread sheet format

The spread sheet must be in a csv format.

The first row of the spread sheet must be a heading row – it does not matter what the headings are, as long as they are meaningful to you e.g. you could have ‘Bank’, ‘Financial Institution’ or ‘COMBNK’.

The columns required are:

ColumnNameAdditional Details
ABank CodeThe bank must exist. Mandatory.
BPayment Datedd/mm/yy format. Mandatory.
CReferenceCan be a reference number or left blank or set to ‘N’ to have a reference automatically allocated. The term ‘FEE’ is prefixed to the reference during the update.
If you are entering your own reference number, there can be no special characters like spaces.
DPayeeMandatory. Up to 30 characters can be entered.
EPayment TotalThe amount + tax
FAmount Excluding taxThe amount of the fee excluding tax.
GTax AmountThe tax portion of the fee.
HDate Sentdd/yy/yy format. This can be left blank.
ITransaction MonthSet to ‘C’ for current month or ‘N’ for next month. Leave blank and the flag will be determined from the Payment Date (col B) and the current financial period of the Accounts Payable ledger.
JChart of Account CodeThis is the chart of account code to post against. Mandatory. Must be an existing account.
KBranch CodeThis is the is the branch to post against. Mandatory. Must be an existing branch.
LDivision Code.This is the is the division to post against. Mandatory. Must be an existing branch.
MPosting AmountThe amount to post against the GL account/branch/division. This amount must be the same as the Amount Excluding tax in col F
NPosting DetailsOptional text describing the GL posting.

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Updating

Once you click submit, the rows on the spread sheet are validated. If no invalid data is detected, the fee transactions are added to the Creditors Ledger.

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