How to create a SEPA Payment

1. Navigate to ACCOUNTING > General Ledger > General Ledger Accounts.

2. Click on CREATE A NEW GENERAL LEDGER ACCOUNT.

3. Enter the following information:

• 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:

• Bank User Name- Enter the legal company name.
• Bank Remitter Name - Enter the bank’s name.
• Bank No. - 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.

7. Click SAVE.