Understanding Bank Account Setup for SEPA Payments

To process SEPA payments, you must set up the bank accounts for your company and suppliers as SEPA accounts. You can access company bank accounts by accessing the Bank Account Information program (P0030G). You access supplier bank accounts in the Bank Account Cross-Reference program (P0030A). Both of these programs call the SEPA Account Setup program (P740001), which displays the SEPA Account Setup form on which you specify whether the account is for use for SEPA payments. The system stores the value that you enter in the SEPA Account Setup table (F740001).

If you specify an account as a SEPA account, you must enter a valid IBAN in the account setup form of the Bank Account Information program or Bank Account Cross-Reference program. After you click the OK button in the form, the system validates the IBAN and displays an error message in case of incorrect entry or if the IBAN field is left blank.

The system populates the IBAN field in the SEPA Account Setup form with the IBAN that you entered in the Bank Account Information program or Bank Account Cross-Reference program. You cannot enter or edit the IBAN in the SEPA Account Setup form. After you click the OK button on the SEPA Account Setup form, the system validates the IBAN and displays an error message in case of incorrect entry or if the IBAN field is blank.

After you designate an account as a SEPA account, you can enter or verify the BIC on the Revise Bank Information or Set Up Bank Accounts By Address form. You enter the BIC in the SWIFT Code field on the Revise Bank Information form or the Set Up Bank Accounts By Address form. You can leave the field blank.

The EPC (European Payments Council) uses ISO (International Standards Organization) standards for BIC numbers. The BIC number, also called the SWIFT (Society for Worldwide Interbank Financial Telecommunication) number, comprises four elements, in this order:

1. Four characters for the bank code.

2. Two characters for the country code.

3. Three characters for the branch code (optional).

When you enter the BIC number, the system validates that:

• No special characters, such as /, &, or %, are entered.

• The string of characters entered consists of 8 or 11 characters.

  Positions 5 and 6 consist of the country code for the bank account, which must be set up in the 74/SA UDC table.

The system displays an error message if the BIC number that you enter fails the validation.

Note: The system displays the Revise Bank Information form or Set Up Bank Accounts By Address form after the SEPA Account Setup form when the Localization County Code field in the User Profile Revision program is set to a country for which the JD Edwards EnterpriseOne system supports SEPA payments.

After you set up bank accounts as SEPA accounts, you can run the BIC and IBAN Control Report program to print a report showing the accounts that do not have BIC codes, those that do not have IBANs, or all accounts that do not have BIC codes or IBANs in the bank account record. The system reads records from the F0030 and F74001 tables.

The Bank Account Information program (P0030G) works differently from the Bank Account Cross- Reference program (P0030A) when you designate bank accounts as SEPA accounts. Select Bank Account Information from the Automatic Payment Setup (G04411) menu. You use the Bank Account Information program to work with your company's bank account records and use the Bank Account Cross-Reference program to work with supplier accounts.

The Bank Account Information program requires that a bank account record exist before you can designate the account as a SEPA account. Follow these steps to create a new record and designate the record as a SEPA account.

To create a record and designate a company bank account as a SEPA account:

1. Select Bank Account Information from the Automatic Payment Setup (G04411) menu.

2. Click Add on the Work With G/L Bank Accounts form.

3. Complete the required information on the Set Up G/L Bank Account form, then click OK.

   The system saves the new bank account record when you click OK.

4. Click Cancel on the Set Up G/L Bank Account form.

5. On the Work With G/L Bank Accounts form, select the record you created, then select Bank Info from the Row menu.

6. On the SEPA Account Setup form, select the SEPA Bank Account option and click OK.

To designate an existing bank account record for your company as a SEPA account:

1. Select Bank Account Information from the Automatic Payment Setup (G04411) menu.

2. Search for and select the existing record that you want to designate as a SEPA account, then select Bank Info from the Row menu.

3. On the SEPA Account Setup form, select the SEPA Bank Account option and click OK.

The Bank Account Cross-Reference program enables you to create an account and designate it as a SEPA account in the same series of steps. To create a record and designate a supplier bank account as a SEPA account:

1. Select Bank Account Cross-Reference from the Automatic Payment Setup (G04411) menu.

2. Click Add on the Work With Bank Accounts By Address form.

3. Enter the required information for the supplier bank account on the Set Up Bank Accounts By Address form and click OK.

4. On the SEPA Account Setup form, select the SEPA Bank Account option and click OK.