How to: Set Up Remittance Agreements
You must sign an agreement of remittance with the bank when you set up electronic payments. You can create more than one remittance agreement if you have an agreement with two or more banks. For each agreement, you must specify one or more accounts from which the payment should be made. For each account, you must create a remittance account. For more information, see How to: Create Remittance Accounts.
To set up a remittance agreement
In the Search box, enter Remittance Agreement Overview, and then choose the related link.
On the Home tab, in the New group, choose New.
On the General FastTab, fill in the fields as described in the following table.
Field Description Code
Specify the agreement code from the bank.
Description
Specify a name for the agreement, such as the name of the bank.
Payment System
Select the payment system that will be used. Payment systems include DnB Telebank, K-LINK, SparNett, Fokus Bank, Postbanken, Other bank, and BBS.
On the Bank FastTab, fill in the fields as described in the following table.
Field Description Operator No.
Specify the operator information given by the bank.
Company/Agreement No..
Specify the company information given by the bank.
Division
Specify the division information given by the bank.
Latest Sequence No.
Specify the latest sequence number.
Latest Export
Specify the latest daily sequence number.
Latest Export
Specify the date of the latest export.
On the BBS FastTab, fill in the fields as described in the following table.
Field Description BBS Customer Unit ID
Specify the identification of the agreement for Bankernes Betalingssentral (BBS). This code is provided by BBS.
Latest BBS Payment Order No.
Specify the entry number that was used when payment was sent to BBS.
On the Send FastTab, fill in the field as described in the following table.
Field Description Payment File Name
Specify the path and the name of the file that contains the electronic payment order that was sent to the bank.
On the Receive FastTab, fill in the fields as described in the following table.
Field Description Payment File Name
Select to automatically name the return file after it is imported without errors.
Company/Agreement No.
Select to verify that the first-time return report is imported.
Return File Is Not In Use
Select if you do not want to use return files for approval and settlement of payment. You can use this feature if you do not want to update payments with return information from the bank.
On Hold Rejection Code
Enter the code to update a rejected vendor ledger entry. The ledger entry will be marked as On Hold, which means that after rejection, it is not added to the remittance proposal again.
If the code is blank, the entry is not marked as On Hold, which means that after rejection it can be added to a remittance proposal again.
On the Finance FastTab, fill in the field as described in the following table.
Field Description New Document Per.
Specify how documents are numbered when payments are posted. Options include Date, Vendor, and Specified for account.
On the Navigate tab, in the Receive group, choose Return File Setup List.
In the Return File Setup window, on the Home tab, in the New group, choose New.
Enter the return file name in the Return File Name field.
Note
At a minimum, you must set up one file name for each receipt return, rejected return, and settlement return. Contact your bank about the naming conventions that it uses.
Choose the OK button.
See Also
Tasks
How to: Create Remittance Accounts
How to: Set Up Vendors for Remittance
How to: Create Remittance Suggestions
How to: Create Manual Remittance Payments
How to: Set Up Payment Line Information
How to: Test Remittance Payments
How to: Export Remittance Payments
How to: Import Payment Return Data
How to: Delete Remittance Payment Orders
How to: View Remittance Error Codes
How to: Cancel Payments
Concepts
Electronic Payments to Vendors in Norway
Recipient Reference Codes
Types of Payment Returns Files
Remittance Errors