File SEPA Payments

In Business Central, you can use Single Euro Payments Area (SEPA) credit transfers to file SEPA payments with the bank.

SEPA unifies payment methods in participating European countries/regions, which makes international payments as easy to process as domestic payments. European citizens and companies can make and receive payments in euros, whether within or across national borders, with the same basic conditions, rights, and obligations, regardless of location.

Before you can file a SEPA payment you must complete the following administration tasks:

  • Set up a new export protocol. For more information, see Export Protocol.
  • In the Country/Region table, select the SEPA Allowed field for each country that belongs to the EEA zone.
  • Verify that the Currency Euro field in the General Ledger Setup table corresponds with the currency in the payment lines.
  • Verify that the vendor’s Preferred Bank Account field in the Vendor table contains the IBAN and SWIFT code.

To file a SEPA payment

  1. Choose the Search for Page or Report icon, enter File SEPA Payments, and then choose the related link.

  2. Fill in the fields as described in the following table.

    Field Description
    Journal Template Name Specify the general journal template for the SEPA payment report.
    Journal Batch Specify the general journal batch for the SEPA payment report.
    Post General Journal Lines Specify if you want to transfer the payment lines to the general ledger.
    Include Dimensions Enter the dimensions that you want to include in the SEPA payment report. The option is only available if the Summarize Gen. Jnl. Lines field on the Electronic Banking Setup page is selected.
    Execution Date Enter an execution date if you want an execution date that differs from the posting date on the payment lines.
    File Name Enter the name of the file, including the drive and folder, to which you want to print the report.
  3. Choose the OK button.

See Also

Set Up Export Protocols
File Non-Euro SEPA Payments
Activate SEPA Payments