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Administrator Guide
Last Updated: 2023-06-23
Steps: Set Up Payment Purpose Codes

Steps: Set Up Payment Purpose Codes

You can configure payment purpose codes by country to include on payments for supplier invoices. The payment purpose codes ensure your supplier payments comply with banks or local regulatory reporting requirements.
  1. Access the
    Edit Tenant Setup - Financials
     task.
    Select the
    Enable Payment Purpose Code
     check box in the
    Settlement and Bank Account Options
     section.
    Security:
    Set Up: Settlement
     domain in the Banking and Settlement functional area.
  2. Configure payment purpose codes.
    You can either:
Select a purpose code on supplier invoices or supplier invoice adjustments as required by your banks.