Set up method of payment for ISO20022 credit transfer

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The following procedure explains how to set up a vendor method of payment for a ISO20022 credit transfer or any other payment type using electronic reporting to generate a file in Microsoft Dynamics 365 Finance.

Before you complete the procedure, you must first export format configurations and set up payment accounts.

The procedure was created using the DEMF demo data company.

To set up a vendor method of payment for a ISO20022 credit transfer, follow these steps:

1. In Dynamics 365 Finance, go to Accounts payable > Payment setup > Methods of payment.
2. Use the Quick Filter to find records. For example, filter on the Method of payment field with a value of "SEPA CT".
3. Select Edit.
4. In the Period field, select Total.
5. In the Payment type field, select Electronic payment.
6. Expand the File formats section.
7. In the Generic electronic reporting field, select Yes.
8. In the Export format configuration field, select ISO20022 Credit transfer (DE). If the list is empty, the vendor payment export format configuration isn't imported and active.
9. In the Account type field, select Bank.
10. In the Payment account field, enter "DEMF OPER".
11. Select Save.