What is the point of the Statement Text field in the Vendor record?

[Martin10]

There is no pop up explanation on the field and the words "Statement Text" as a shortcut for an idea are fairly meaningless.

The field appears on the edit vendor details under the Bank Account Name once the "I create batch payments to pay this supplier" tickbox is ticked.

[IntuitChris · Accepted solution]

Hi Martin 

This is where you would type the message you wish your supplier to see on their Bank Statement (Similiar to how when you use BPAY inside internet banking you fill in a field for the message you wish to appear on their statement). 

Hope this helps!

[Martin10]

Because this space is limited on the bank transaction it would be better to have the invoice number we are paying appear on the Payee's bank statement in lieu of a fixed "TEXT" that would have to be altered manually for every payment.