SEPA (Single Euro Payments Area) is a payment format to be used in countries connected to the European Monetary Union (EMU) and using the currency EUR. To make outgoing payments via the SEPA-format, the adaptation number 5 is needed, which is free of charge. Configuration of some system settings is also required.
Under Help | About... in the Window menu you can control if the adaptation is included in your system. If the adaptation is missing, please contact the Support department at Monitor ERP System AB, and they will send it to you.
Payments made outside the Single Euro Payments Area, e.g. payments in other currencies than EUR and payments to banks outside the Single Euro Payments Area, are also managed with the extended format according to ISO 20022 (XML). Consequently, all payments can be made via the payment method FB and in one and the same file.
Getting Started with SEPA - Preparations
Before you can start to use SEPA, you need to configure some settings:
Settings in the EDI Links procedure
Settings in the Company Info procedure
Settings in the Update Supplier Procedure
How to use SEPA
After having configured the necessary settings, you can register and pay invoices according to the chapter called Registration and Payment of Invoices.