Payment Fee Code Field, Gen. Journal Line Table

Specifies the payment fee code to be used for the journal line. The Payment Fee Code field is automatically retrieved from the Vendor Bank Account Card when you run the DTA Suggest Vendor Payments batch job. You can enter a different payment fee code if the default is incorrect.

The payment fee code is used to define who will be the fee payer. For international payments using IBAN bank account numbers, the DTA transaction type 836 is used. While in a domestic payment scenario, the handling of bank fees is standardized for most cases if it is different in an international scenario. Depending on involved parties and countries/regions, there are three different cases how to handle bank fees for the transaction.

Typically, for a specific vendor, the same payment fee code is always used. If different fee codes are used with the same vendor, multiple vendor bank accounts with different settings can be assigned to that vendor.

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