(FIN) Generate payments by using Generic ISO20022 credit transfers
Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012
Single European Payment Area (SEPA) is an initiative in the European Union (EU) member states to provide a common electronic banking process for transferring payments within the SEPA region, which is comprised of 32 countries. The SEPA credit transfer is one of the SEPA instruments that allow you to send payments electronically to the creditor’s bank account. In Finland, SEPA credit transfers have been extended and standardized to also support non-SEPA credit transfers called Generic ISO20022 credit transfers. This format is used for payments made in a currency other than euros and for payments that are sent outside the SEPA region.
Set up a new method of payment for Generic ISO20022-based credit transfers
Click Accounts payable > Setup > Payment > Methods of payment.
Create a new method of payment for Generic ISO20022 credit transfers.
In the Method of payment field, enter an appropriate identifier, such as Generic ISO20022 CredTrans FI, to make payments by using Generic ISO20022 credit transfers.
Enter other information for the method of payment, as needed.
Click the File formats FastTab, and then in the Export format field, select Generic ISO20022 CredTrans FI.
If the Export format field list is empty, click Setup, and then select one of the available formats.
Close the form.
Create a vendor payment journal to transfer a payment to a bank
Click Accounts payable > Journals > Payments > Payment journal.
Create a new journal, and then click Lines to open the Journal voucher form.
Enter the required details for the journal line. For more information, see Create and validate journals and journal lines.
In the Offset account field, select the offset bank account.
Click the Bank tab, and then in the Account identification field, select the third-party bank account.
Click Functions > Generate payments.
In the Method of payment field, select the required method of payment.
In the Bank account field, select the offset bank account to filter the vendor transaction lines of payment.
Select the Show format dialog check box, and then click OK to open the Microsoft Dynamics AX payment format dialog box.
In the Processing date field, enter the date when the bank should initiate the payments.
In the Remittance Information field, select one of the following options:
Structured – Generate structured remittance information for each payment.
Unstructured – Generate unstructured remittance information for each payment.
In the Amount limit field, enter the maximum transaction amount allowed per line.
In the File name field, enter the file path and name of the payment file.
Click OK to generate a payment file.
Close the forms.