How to: Activate SEPA Payments
To submit vendor payments electronically in Single Euro Payments Area (SEPA) ISO 20022 payment format, you must set up prerequisites for enabling SEPA payments.
In the following procedures, the first four describe how to enable SEPA payments, and the remaining two relate to the individual vendors.
To enable countries/regions for SEPA
In the Search box, enter Countries/Regions, and then choose the related link.
On the Home tab, in the Manage group, choose Edit List.
Select the SEPA Allowed check box for each country or region that you want to enable for SEPA.
Choose the OK button.
To enable bank accounts for SEPA
In the Search box, enter Bank Accounts, and then choose the related link.
Select the bank account that you want to enable for SEPA, and then, on the Home tab, in the Manage group, choose Edit.
On the General FastTab, in the Country/Region Code field, select the appropriate code.
Note
The specified country/region code must be enabled for SEPA as described in the previous procedure.
Enter a value in the Min. Balance field.
On the Transfer FastTab, in the SWIFT Code field, enter a code.
Choose the OK button.
To set up a SEPA ISO 20022 export protocol
In the Search box, enter Export Protocols, and then choose the related link.
In the Export Protocols window, on the Home tab, choose New.
Fill in the fields as described in the following table.
Field Description Code
Sets the export protocol code, such as SEPA ISO20022.
Description
Provides the description for the export protocol.
Check ID
Sets the ID for the codeunit to check payment, such as 11000010.
Check Name
Sets the name of the codeunit.
Export Object Type
Specifies the type of the export protocol:
- Report
- XMLPort
Export ID
Sets the ID for the batch job to export payment, such as 11000011.
If you select XMLPort as your export protocol type, then choose an ID such as 1000.
Export Name
The name of the batch job.
Docket ID
Sets the ID for the batch job to inform the contact on combined payments, such as 11000004.
This does not apply to XMLPort protocol types.
Docket Name
The name of the docket report.
Default File Names
Sets the location to export payment and collection data.
- Report
Choose the OK button.
To enable transaction modes for SEPA
In the Search box, enter Transaction Modes, and then choose the related link.
Select the transaction mode that you want to enable for SEPA, and then, on the Home tab, in the Manage group, choose Edit.
In the Transaction Mode Card window, on the Paym. Proposal FastTab, in the Export Protocol field, select the SEPA export protocol that you have created, such as SEPA ISO20022.
Choose the OK button.
To verify vendor payment transaction modes for SEPA
In the Search box, enter Vendors, and then choose the related link.
Select the vendor that you want to verify the transaction mode for, and then, on the Home tab, in the Manage group, choose View.
On the Payments FastTab, in the Transaction Mode Code field, verify that the vendor payment transaction mode is one that has been enabled for SEPA.
Choose the OK button.
To set up vendor bank accounts for SEPA
In the Search box, enter Vendors, and then choose the related link.
Select the relevant vendor, and then, on the Navigate tab, in the Vendor group, choose Bank Accounts.
Select the vendor bank account to set up for SEPA, and then, on the Home tab, in the Manage group, choose Edit.
On the Transfer FastTab, in the IBAN and SWIFT Code fields, enter the international bank identifier code of the bank where the vendor has the account.
Choose the OK button.
See Also
Tasks
How to: Submit Vendor Payments Electronically in SEPA ISO 20022 Payment Format