Q: What is the use and functionality of the ‘Account Number, IFSC Code, Bank Name/ City / Branch’ field in Vendor Master?
Ans: The ‘Account Number, IFSC Code, Bank Name/ City / Branch’ fields are used to capture the bank details of vendors. These details are for information purposes only, however, to process vendor invoice payment from the “Add Invoice For Payment” page, it is mandatory to mention these bank details. There is no other financial or payment effect of the same.
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