Settings in the Update Supplier Procedure

In the Update supplier procedure it is important to enter the correct information in order to create correct payments. Under the Address/Terms you select the Payment method FB in the section Payments. This should be entered no matter whether the supplier is located within or outside your country. Remember to enter first Nordea Finland as international payment format in the Settings procedure!

Please note that international SEPA payments also have the payment method FB.

Payment method FB.

In the International payment window, that opens when you click on the Int. pmt. button, it is important to complete the following fields correctly. In the Bank account field you enter the supplier's IBAN number.

Please Note! The account number is entered without any spaces.

Payment Form

• M/T/K - Regular giro transfers, can be used as SEPA payments. K is managed as INTRACOMPANY payments, that is, payments between different accounts in the same company.
• P - Express remittance, cannot be used as SEPA payment
• Q/S - Checks are currently not managed. If you select one of these alternatives, the payment will be managed as a regular giro transfer. There is no validation of them at the moment.

Charge Code

• J/None - These options divide the bank costs between the recipient and the payer.
• T - The payer pays all bank costs for the transaction.

Bank Account Type

In this field, select the supplier's bank account type among IBAN, UPIC, BBAN or Miscellaneous. Validation is made between bank account type and bank account number in order to make sure that the bank account number has been correctly entered.

SWIFT/BIC

In the SWIFT/BIC field, enter the supplier's SWIFT/BIC number. You must enter information about the supplier's bank, bank name, bank address, bank city and bank country code.

Country Code (ISO)

You shall also enter the supplier's country code in the Country code (ISO) fields. No other information has to be entered in this window.

Merge Invoices

This field should be filled in if several invoices with the same payment date to the same supplier should be merged into one single payment.

Please note that if the payments are merged, there is a risk that certain banks will not handle the payment as a reference payment. (Applies to SEPA payments in Finland.)

International Payment.

Remember that certain information about the supplier can be updated via the Supplier List procedure. In the list type Settings you can adjust Payment method and in the list type International payments you can adjust Bank account, SWIFT/BIC and Country code. (This sort of update can only be made when these fields are already filled in)

of