Reason for payment

Note

The requirement to add the reason for payments in foreign currencies to the bank file can also apply in other countries than the Nordic countries.

To set up Nordic bank files

To set up Nordic bank file handling, use the following sequence of sessions:

  1. General Company Data (tccom0102s000)
    In the Fiscal Identification field, enter your fiscal identification number.
  2. CMG Parameters (tfcmg0100s000)

    In the Nordic Bank Files Settings group box:

    • Select the Use Transaction Sequence Number check box.
    • Select the Reason for Foreign Payment check box.
  3. Bank Account by Pay-to Business Partner (tccom4125s000)
    In the Bank Costs field, define the party that will pay the bank costs.
  4. Type of Payment (tfcmg0504m000)
    Define a code for each type of payment.
  5. Payment/Receipt Method (tfcmg0140s000)
    Define a payment method and enter a type of payment. In the Report Group Payments/Receipts field, enter the report group that provides the bank file format of the bank for which you define the payment method. If you use the payment method for payments in a foreign currency, select the Add Reason to Foreign Payments check box.
  6. Reasons for Payment (tfcmg0130m000)
    Define the reason codes for payments in foreign currencies and select the Use Additional Description check box. Select the reason for payment and on the appropriate menu, click Additional Description to start the Additional Description by Reason (tfcmg0131m000) session.
  7. Additional Description by Reason (tfcmg0131m000)
    Define the additional descriptions of the reasons for payment in foreign currencies.
  8. Bank Relation (tfcmg0110s000)
    Enter your customer code extension at the bank, your bank branch's code, and the division code the bank uses for you department.
  9. Transaction Sequence Number Code (tfcmg0513m000)
    If transaction sequence numbers are required, define the set of transaction sequence numbers to be used for the transactions with each bank.
  10. Bank Branches (tfcmg0511m000)
    Define the bank details and supply your customer code at the bank, and the bank's SWIFT code. If transaction sequence numbers are required, in the Sequence Number Code field, select the set of transaction sequence numbers to be used for transactions with the bank.
  11. Payment Authorizations (tfcmg1100m000)
    Enter your payer's ID for the bank files.