In some countries, it isa common banking practice to use bank reference numbers for domestictransactions. The bank reference numberis a unique number that is used to identify the invoice for which the paymentis made. It is only required for invoices and for payments related to invoices.The bank reference number is communicated to the customer on the invoicedocument and is always referred on the payment document. The bank referencenumber is also required on payment slips. The bank reference numberlength varies between about 20 and 30 digits, depending on the country. Thenumbers are composed in such a way that a specific check can be performed toverify that the number is correct. Bank reference numbers on sales invoices If you use bank reference numbers and the country of the invoice-to business partner isthe same as the country of the sales office, LN generates the bankreference number when the invoice is composed in Invoicing. Insteadof the invoice number, the bank reference number is printed on the invoice.Bank reference numbers need not be generated for manual sales invoices, becauseno invoice is printed and sent to the customer. The bank reference number is based on the composing data that you define for the country. The bank reference number consists of the following components:
The bank reference number must be numeric and does not containleading zeroes. If any of the components contains non-numeric characters, LN leaves the bankreference number field blank. In that case, the sales invoice number is printedon the sales invoice. An operator that indicates the type of check to be performed onthe number is added at the end of the bank reference number. To verify the bankreference number on received purchase invoices, LN applies the checkthat is indicated by the operator added to the number. You can select the type of check to be used in the financialcompany in the Finance Company Parameters (tfgld0503m000) session. Variousverification algorithms are available. You can define the bank reference number components and theirposition in the bank reference number in the Bank Reference Positions by Country (cisli1130m000) session. To generate a bank reference number, LN concatenates theselected components in the order that you specified. If the concatenated stringis longer than the maximum length of the bank reference number to be generated,the invoice-to business partner code is truncated as necessary. To set up bank reference numbers You must set up bank reference numbers in every financialcompany in the countries for which you need to use bank referencenumbers. To set up bank reference numbers, use the following sequence of sessions:
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