Cash Management

New bank file formats for SEPA

Save time and pay suppliers and employees electronically in Sage Intacct with new bank file formats to support SEPA Version 9.0. These new file formats map the debtor and creditor addresses to the SEPA v09 hybrid format. The new SEPA file formats supports payments in countries that transact in euro (EUR) currency.

How it works

To make use of the new file format, update your current accounts to select the new file.

  1. Go to Cash Management > All or Setup > Accounts and select the required account.

    This must be an account that uses euro (EUR) as currency.

  2. On the Bank file tab, in the Enable setup section select Enable bank file payments, if not already selected.

  3. In the Bank setup section, from the Bank file format dropdown list select one of the following file formats:

    • Generic-SEPA-09 incl Debtor name - Single Payments

    • Generic-SEPA - Single Payments

    • Generic-SEPA-09

    • Generic-SEPA-09 incl Debtor name

    • BOI - SEPA-09

  4. Complete the rest of the fields that appear.

  5. Edit and verify the bank file details for your supplier and employee records.

Permissions and other requirements

Subscription

Accounts Payable

Cash Management

Sage Cloud Services

Time and Expenses
Regional availability

For accounts in countries that transact in EUR currency.
User type Business
Permissions

Accounts Payable

  • Suppliers: List, View, Add, Edit, Bank details*, Unmask bank details*

Cash Management

  • Current accounts: List, View, Add, Edit

Expenses

  • Employees: List, View, Add, Edit, Bank details*, Unmask bank details*

*Required to access supplier or employee account information for bank file payments
Configuration

Enable bank files in the following areas:

  • Sage Cloud Services subscription configuration

  • Suppliers with EUR bank account details

  • Employees with EUR bank account details