How to create a SEPA Payment

SEPA payments are designed to make cashless payments in euros easier across the countries that use this currency and allow electronic transfers across borders simply as domestic transfers.

Steps: 

1. Navigate to ACCOUNTING > General Ledger > General Ledger Accounts. 
2. Click on CREATE A NEW GENERAL LEDGER ACCOUNT. 
3. Enter the following information.
   
   
   

   Field	Description
   Account No.	Enter Bank Account No.
   Account Name	Enter Bank Account Name.
   GL Account  Type	Types of financial transactions included but are not limited to the following examples below  Assets   Liabilities  Expenses  Income   Equity  Accounts Payable   Accounts Receivable   Cash
   GL Report Group	Enter GL Report Group.
   Bank Account	Select Bank Account.

4. Click SAVE.
5. Click Banking Details. 
6. Enter the following information.
   
   
   

   Field	Description
   Bank User Name	Enter the legal company name.
   Bank Remitter Name	Enter the bank’s name.
   Bank N0.	Enter the SWIFT BIC number - SWIFT codes are between eight and 11 characters long and consist of:  A four-letter bank code  A two-letter country code  A two-character location code (letters and digits) for the bank’s head office  An optional three-character branch code (letters and digits)
   Bank Account Number	Enter the IBAN number - IBAN numbers vary between countries but are typically made of up to 34 letters and numbers and can contain the following:  Country code  Check digit  Bank Identifier Code (or BIC)  Branch code  Account number
   Internet Banking Payment File Type	Select SEPA (Europe) as a payment types from the dropdown list.