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Administrator Guide
Last Updated: 2023-06-23
Maintain Payment Purpose Codes

Maintain Payment Purpose Codes

Security:
Set Up: Settlement
 domain in the Banking and Settlement functional area.
You can add, update, and delete codes that identify the purposes for supplier payments.
  1. Access the
    Maintain Payment Purpose Codes
     task.
  2. As you complete the task, consider:
    Option Description
    Purpose Code
    The country-specific code to define the payment purpose, as required by banks or the local regulatory authorities.
    Country
    Select the country the payment purpose code applies to.
    Originating Country
    Select this option when the purpose code applies to a payment that originates from the country selected.
    Receiving Country
    Select this option when the purpose code applies to a payment received by the country selected.
    Inactive
    Inactivates the payment purpose code so that it doesn't display in prompts for selecting purpose codes on payments.
    When you inactivate a payment purpose code, the inactivation isn't retroactive and won’t apply to existing supplier invoices and transactions in progress. The code will still display in existing supplier invoices.