Make Payments with Bank Data Conversion Service or SEPA Credit Transfer

In the Payment Journal window, you can process payments to your vendors by exporting a file together with the payment information from the journal lines. You can then upload the file to your electronic bank where the related money transfers are processed.

Note

In the generic version of Microsoft Dynamics NAV, a global provider of services to convert bank data to any file format that your bank requires is set up and connected. In addition, the generic version of Microsoft Dynamics NAV supports the SEPA Credit Transfer format. In your country/region, other formats for electronic payments may be available. To enable export of bank file formats that are not supported by the generic or local versions of Microsoft Dynamics NAV, use the Date Exchange Framework. For more information, see How to: Enable Import/Export of Bank or Payroll Files Using the Data Exchange Framework.

To enable SEPA credit transfers, you must first set up a bank account, a vendor, and the general journal batch that the payment journal is based on.

You then prepare payments to vendors by automatically filling the Payment Journal window with due payments with specified posting dates.

Note

When you have verified that the payments are successfully processed by the bank, you can proceed to post the payment journal lines.

The following table describes a sequence of tasks, with links to the topics that describe them. These tasks are listed in the order in which they are generally performed.

To	See
Activate the Bank Data Conversion Service feature to have any bank statement file converted to a format that you can import or to have your exported payment files converted to the format that your bank requires.	How to: Set Up Bank Data Conversion Service
Set up a bank account, a vendor, and a payment journal for SEPA credit transfer.	How to: Set Up SEPA Credit Transfer
Fill the payment journal with lines for due payments to vendors, with the option to insert posting dates based on the due date of the related purchase documents.	How to: Suggest Vendor Payments and How to: Insert Due Date as Posting Date on Payment Journal Lines
Export payment journal lines to a file in the SEPA Credit Transfer format.	How to: Export Payments to a Bank File
Review which payments have been exported and into which files.	Credit Transfer Registers
When the electronic payment is successfully processed by the bank, post the payments.	How to: Fill and Post General Journals

See Also

Concepts

Process Payments
Manage Payables
Collect Payments with SEPA Direct Debit