Belgian Electronic Payments

In the electronic banking module in Microsoft Dynamics NAV, you can make domestic, international, SEPA, and non-Euro SEPA electronic payments.

Electronic payment	Description
Domestic	These payments are in the local currency (LCY) and are processed by a local financial institution for beneficiaries who have accounts that have a local financial institution. The validity of the bank account numbers will be verified by Microsoft Dynamics NAV.
International	These payments are either in foreign currencies or in LCY and are processed by a local financial institution for beneficiaries who have accounts that have foreign financial institutions. The validity of the bank account numbers will not be verified by Microsoft Dynamics NAV.
SEPA	These payments are in euro and are processed in countries/regions that accept SEPA payments. The validity of the bank account numbers will be verified by Microsoft Dynamics NAV.
Non-Euro SEPA	These payments are in currency other than euro and made to a country/region outside the European Economic Association (EEA). The validity of the bank account numbers will be verified by Microsoft Dynamics NAV.

In electronic banking, because the standard for electronic payments is different for countries/regions, electronic payments created in Microsoft Dynamics NAV can only be processed by financial institutions in Belgium. For international payments, the local financial institutions will then have to process the payment with the foreign institutions.

Note

Credit memos cannot be processed separately because payments must not have a negative balance. To process a credit memo, the credit memo must be added to one or more invoices by summarizing payments.

Before you can make electronic payments, you must set up use electronic banking in Microsoft Dynamics NAV. For more information, see How to: Set Up Electronic Banking.

Correcting Payment Lines

You must correct all errors before you can post the electronic payment lines. You can correct payment lines in the following ways.

Correction	Description
Add a payment journal line	If the payment journal already contains many lines and you want to add an additional line, you can enter the journal line manually. For example, if you want to reimburse a credit memo to a customer. These types of customer payments are not suggested automatically by the Suggest Vendor Payments batch job.
Edit a payment journal line	If you have not assigned a bank account to the payment journal or if you have not specified a preferred bank account on the Vendor card, you will have to manually enter this information on each journal line before posting the journal. If you specify a bank account for a vendor, the bank account will be copied to all payment journal lines for that vendor. For more information, see How to: Set Up Electronic Banking.
Delete a payment journal line	The Suggest Vendor Payments batch job creates payment suggestions for all vendors matching the specified criteria. If you want to prevent payment for a specific vendor ledger entry or vendor, you can delete the corresponding journal lines.

For more information, see How to: Manage Electronic Payment Lines.

See Also

Tasks

How to: Set Up Electronic Banking
How to: Set Up IBLC/BLWI Transaction Codes
How to: Set Up Vendors for Automatic Payment Suggestions
How to: Generate Payment Suggestions
How to: Create Payment Journal Templates and Batches
How to: Test Electronic Payments
How to: Manage Electronic Payment Lines
How to: Print Payment Files

Concepts

Belgian Electronic Banking