Cash Management

Support for HSBC SEPA bank files

Save time and pay suppliers and employees electronically in Sage Intacct with a new bank file format. We now support a SEPA bank payment file for use with HSBC bank accounts.

How it works

To start using SEPA bank files with HSBC, first set up the current accounts and suppliers you'll need use to process payments.

Step 1. Set up current accounts for bank file payments

1. Go to Cash Management > All > Current to add or edit an account.

2. Go to the Bank file tab for the account.

3. Select Enable bank file payments.

   Sage Cloud Services must be enabled for this option to appear.

4. Select the appropriate Bank file format.

5. Enter your HSBC account details.

6. Enter the bank address.

7. Save your changes.

Step 2. Set up suppliers for bank file payments

1. Go to Accounts Payable > All > Suppliers to edit suppliers.

2. Edit the suppliers that you want to pay with bank files.

3. Go to the Bank file tab.

4. Select Enable bank file payments.

5. Enter the supplier's account details.

6. Save your changes.

Step 3. Optionally, set up employees

1. Go to Time or Expenses > All > Employees to edit employees.

2. Edit the employees that you want to pay with bank files.

3. Go to the Bank file tab.

4. Select Enable bank file payments.

5. Enter the employee's account details.

6. Save your changes.

Step 4. Pay AP supplier invoices and generate payment files

1. Select ACH or bank file as the payment method whenever you pay suppliers and employees using the HSBC account.

2. Follow the bank file payment workflow to generate, upload, and confirm the payment.

Permissions and other requirements

Subscription	Accounts Payable Cash Management Sage Cloud Services Time and Expenses
Regional availability	All regions
User type	Business
Permissions	Accounts Payable Suppliers: List, View, Add, Edit, Bank details, Unmask bank details Cash Management Current accounts: List, View, Add, Edit Time and Expenses Employees: List, View, Add, Edit, Bank details, Unmask bank details
Configuration	Bank files are enabled in the following places: Sage Cloud Services subscription configuration Current account for EUR currency payments Suppliers Employees