Cash Management

Use vendors' credit codes for South African bank file payments

You might have a creditor code instead of a homing account number and branch number for vendors that you pay with the Standard Bank file format. We added a Standard Bank file format that lets you use the creditor code for South African vendors.

Details

When you select the new Standard Bank NAMPAY SSVS Pre Format file for South African checking accounts, the following things happen for South African vendors:

• The Homing branch number defaults to 000000.

• The Homing account number is not required.

• A new field, Creditor code, appears and is required.

The homing account number and branch number are not required unless the selected checking account for payments is set up with the original Standard Bank NAMPAY SSVS file.

How it works

1. Go to Cash Management > All tab > Accounts > Checking.

2. Select your South African checking account for payments.

3. On the Bank file tab, select the Standard Bank NAMPAY SSVS Pre Format file.

4. Select Save.

Then, update South African vendors to add their creditor code for processing payments.

Requirements

Subscription	Cash Management Sage Cloud Services
Regional availability	All regions
User type	Business user with admin privileges
Permissions	Checking accounts: List, View, Add, Edit
Configuration	Bank files are enabled in the following places: Sage Cloud Services subscription configuration Checking account for ZAR payments South African vendors
CSV import	Use the Vendor Update for Bank Files template to enable and update vendor bank information in bulk.