Settings in the Update Supplier Procedure

Settings in the Update Supplier procedure

Settings for the Payment Method ISO

The following settings applies to countries without payment adaptations.

Table of the payment settings for ISO.

For countries with the payment adaptations 5, 510 and 515.

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 Payment info window, that opens when you click the Payment info 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 codes

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.)

Payment Info.

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)

Danske Bank - Denmark

If you have selected this payment format and then select the payment method ISO for the supplier in the Update Supplier procedure, you will find additional selections under the Payment info button. In the Payment form field you can choose between the Danish giro types 01, 04, 15, 41, 71, 73 and 75. In the PlusGiro filed you enter the creditor number against which the payment shall be made.

Settings for Danske Bank - Denmark