Exact Globe

Product Update 405: Support and changes for bank formats

Electronic cash flow functionalities such as processing domestic payments, foreign payments, importing of bank statements, collections, and other transfers require unique bank formats for the specific bank in the specific country. Additional bank formats have been added and changes to existing bank formats have been implemented to support these cash flow functionalities. The following are the new bank formats supported and changes made to the existing bank formats:

Note: The bank format types are categorized as BS (Bank Statement), DCT (Domestic Credit Transfer), FCT (Foreign Credit Transfer), DDD (Collection File), and DSL (Digital Subscriber Line).

The changes for this product update are as follows:

Type field has been added in the Description? screen for the Irish legislation

The Type field has been added in the Description? screen (this screen is displayed when transactions are processed during the processing of payments) for the Bank of Ireland for the Irish legislation. You can choose Manual or Online at this field. By default, Manual is selected.

If Manual is selected, the BANKFL.EMT file will be generated at the defined directory (existing functionality). However, if Online is selected, the BANKFL.EMT file will be generated at the defined directory and the file header label starting from position 14 will have nine blank spaces instead of seven.

Collection type can be defined for DDD files with the DTAUS format for German banks

Direct debit or Debit order collection type can be defined for DDD files with the DTAUS format for German banks. At System à General à Countries à Payment conditions, you can create payment conditions and link the collection type to the specific cash instrument. However, the Direct debit and Debit order collection types are available only if:

• the country of the cash instrument is Germany.
• the cash instrument is not enabled for SEPA direct debit.
• the Payment method is Collection.

When a sales invoice is created with the direct debit or debit order payment condition, the bank account of the invoice term will be linked with the cash instrument from the payment condition. When the invoices are processed at Cash flow à Miscellaneous à Collection, the debit instruction type will be retrieved from the linked payment condition and cash instrument.

Note: For existing invoice terms or payment conditions, “05000” will be displayed.