Getting Started with Automatic Remittance

You are able to post payments in the journal registration module as well as within the Remittance feature in the Supplier Ledger, if your program version supports this feature. In the supplier ledger, there are two ways of performing a bank payment: automatic remittance and manual remittance.

When using automatic remittance, you require a valid agreement with your bank. Contact your bank in order to establish an agreement and confirm that the bank supports our bank formats. You will receive some information from the bank which you will require when setting up the system for automatic remittance. When you have received all necessary information you can set up the system for automatic remittance:

Getting Started with Bank Files/Automatic Remittance

Go to View - Settings - Accounting - Customer & Supplier Ledger and check the box indicating that the Company uses remittance (electronic payment).

Click the Settings button to the right of the check box; Company uses remittance (electronic payment).

Click New, select Remittance type and click OK.
If a remittance type for automatic remittance has already been set up, you can edit the settings by clicking Edit.

Enter the necessary information in the remittance settings wizard. More information about the wizard can be found in Remittance Settings.
You will need information regarding the URL to your bank's Internet bank, User ID or Customer Number and Password. This information should be available from your bank.
Click Complete in the wizard.
Define the remittance settings for each of the suppliers. This setting can be found on the Settings tab by clicking the Supplier button and navigating to the Customer & Supplier Ledger tab. Select the payment type from the Remittance drop-down list.
Tip! By using the wizard Change values for a Selection of Contacts, you can define these settings for all suppliers (or for all domestic suppliers) in one operation. Read more about this wizard in The Contact Filter Wizard
Register bank accounts for the suppliers in the Other Info. tab in the Bank Account field.
The bank account number will be retrieved automatically from the supplier's contact card when the remittance file is generated.

The system is now ready for automatic remittance.

Note! The set up should be tested in cooperation with your bank.