Setting up SEPA direct debits
SEPA DD Setup
With the DYNAMO | Cash Management you can make SEPA direct debits. To configure the SEPA direct debits, open the page SEPA DD Setup.
Note
Find out the meaning and functions of the individual fields from the tooltips that are stored in the application. The tooltips appear when you move the mouse over the label of the respective field.
In the Direct Debit tab, you select a Path SEPA DD from the list defined in the Im-/Export Path Setup.
It is important to fill in the No. of Entries (Payment Position) field, otherwise error messages will occur during file creation.
In addition, you must specify your Creditor ID. The Creditor ID is defined in such a way that, in addition to the permanently assigned characters, the digits 5 to 7 can be used for the individual identification of business areas, etc. (alphanumeric, without blanks, umlauts, special characters).
If you set the BatchBooking deactivated field to Yes, the bank statement will list each transaction of the transfer file individually; the default setting is No. Do not deactivate until you have consulted your bank - not all banks support this option. Also pay attention to the valid privacy policies.
You can use the following variables to build the text in Purpose fields:
| Variable | Description |
|---|---|
| %1 | External Document No. |
| %2 | Reconciliation Document Number |
| %3 | Document Date Of The Applied Entry |
| %4 | Payment Amount |
| %5 | Discount Amount |
| %6 | Invoice Amount |
| %7 | Posting Date Of The Gen. Journal Line |
| %8 | Currency Code |
| %9 | Reconciliation Document Type |
| %10 | Description From The Gen. Journal Line |
Customer Bank Accounts
In order to be able to make direct debits, customers and the corresponding customer bank accounts must be created.
A valid IBAN must be stored in the customer bank account.
