AMC Banking 365 BC - Banks

To set up the banks you want to use with AMC Banking, you will need to provide some basic information. This information will help AMC Banking establish a connection between your bank and their platform, enabling you to use their services seamlessly. You can setup multiple banks to be used with AMC Banking.There are two ways to set up you bank(s):

1. In the Quick guide (As described in this document )

2. In the Business role center by choosing AMC Banking > Administration > Banks

General

1. Bank

   Choose the bank from license bank list provide by AMC Banking. (Mandatory)

2. Bank name

   Leave it as is, or enter your specific bank name.

3. Bank credentials OK

   Specifies if Bank Credentials is setup for this bank in the AMC Banking webservice.

   Use Check Bank Setup in the menu bar to verify your bank credentials.

   Bank Credentials OK will be marked if the bank is a Host-to-Host bank, and the needed bank credentials for communication with the bank are configured in the AMC Banking Web Service.

4. Upload Bank

   If the bank is not a Host2Host bank, it will be listed here as an upload bank. This indicates file-based communication between AMC Banking and the bank.

Payments

1. Bank agreement level 1

   Main agreement id at the bank.

   The bank agreement level 1 is used to identify you, as a customer in your own bank.

   You can get the main agreement Id from your bank.

2. Bank agreement level 2

   Sub agreement id at the bank.

   Some bank’s use one agreement level to identify there customers, and some banks use two.

   You can get the sub agreement Id from your bank.

3. Ownreference

   When sending payment information to your bank, you have the option to choose your own reference to be included with the payment. This reference can help you easily identify the payment. It could be a unique identifier such as recipient name or any other relevant information.

4. Advice

   When sending payments from AMC Banking to the bank, the AMC Banking payment information automatically provides detailed information about what is being paid. However, you also have the option to set up manual payment advice within your bank or Vendor/Customer/Employee system. This allows you to have more control over which payment information you want to pass on to the recipient of the payment. Whether you choose automated or manual payment advice, both options serve as a formal acknowledgment of a payment made and provide essential details to both the payer and the payee.

5. Bank file name

   If you leave this field empty, the system will default to using a filename like "<Bank Name>.txt," combining the "Bank Name" you provided with the ".txt" extension. If you want to use a specific name for your payment files, you can enter it here, including the file extension, To add the bank account number to the filename, use %1 as a placeholder. To include the date and time in the filename, use %2 as a placeholder..

Payment reconciliation

Split Exchange rate adjust.

This option controls how currency exchange rate differences are handled during the automatic matching (automatch) process in the Payment Reconciliation Journal.

When enabled, the system will generate split lines to separately record any exchange rate gains or losses that occur between the transaction date and the posting date. This ensures that currency fluctuations are properly reflected in your financial records.

When disabled, the system will not create separate split lines, and any currency differences must be handled directly in the matched transaction amount.Please note that this feature is applicable only to bank accounts denominated in the local currency.

Ribbon (Action Bar)

1. Update license bank list (Only local country)Update the list of license banks only for your local country,that you can use to import or export bank account data using the AMC Banking.

2. Update license bank list (All countries)Update the list of license banks for all supported countries,that you can use to import or export bank account data using the AMC Banking.

   AMC Banking 365 BC - Bank Name List

3. Check Bank setupCall AMC Banking webservice to verify your Host2Host bank credentials is setup correctly.

AMC Banking 365 BC - Bank setup guide

Other option connected to Banks