R12:AP/IBY: Is Payment Reasons Code Restricted To Be Use Or Assign Only Based On Supplier or Supplier Site's Specific Country?
Last updated on MAY 01, 2017
Applies to:Oracle Payables - Version 12.0.0 and later
Oracle Payments - Version 12.0.0 and later
Information in this document applies to any platform.
From Oracle Payments Implementation Guide,
Part No. E13416-04
Payment Reason Codes
Payment reason codes are generally country-specific identifiers provided by a country's government or central bank. These codes provide the payment system or bank with additional details about the reason for the payment for regulatory reporting purposes. The purpose of entering country-specific payment reason codes required by a particular country's payment system or central bank is to enable you to specify the reason for the payment to the country-specific payment system or bank.
Seeded Payment Reason Codes
Oracle Payments provides many seeded payment reason codes. The Author column of the Payment Reason Codes page displays Oracle Payments for seeded payment reason codes and the applicable user name for user-defined codes.
Since Payment Reason Codes are country-specific identifier, is Payment Reasons Code Restricted to be use or assign only based on Supplier or Supplier Site's country?
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