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Has anyone ever used the MT940 format for European Bank Reconciliation?
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Hi Ted, Yes I have. Used it with a Dutch company, but its going back a few years now. What specific issues are you having? Not sure I can help immediately as I would need to look back over my 'notes'!! but post your issues anyway.
Best regards,
Hi Ian,
Thank you for the reply! I actually don't have any issues right now, but rather just wondering if it's possible to get the eReconcile Configurator setup, so that I can import reconciliation information into Dynamics GP v10...what software/version of Dynamics did you work with?
Thanks,
Ted
It was version 7.5. I'm pretty sure that the customer used electronic reconcile. We had to create Direct Debit and Credit Card application exports to their bank, and then the MT940 file came back and we used it to update sales cash receipts and record the NSF's etc. What version of GP are you on? What country are you operating in, just out of interest?
We are working with Dynamics GP v10 in Munich, Germany...so you remember that the Electronic Reconcile was successful after you setup the MT940 format? I don't really want to go through all of that setup, etc. and find out that the format is unreadable or unuseable by GP, it makes me feel better that you were able to set it up in version 7.5 and that it worked. Thanks for your replies!
Hi Ted - not definite about it working. I'm pretty sure that they had it set up, but unfortunately they went out of business a while ago so I can't ask directly. I'm trying to contact one of the people who worked there to ask them.
I'll update this post when I can.
Regards for now. Ian.
Ian:
Where can I find information about setting up SWIFT payments in GP 2013? Or if you have some URL's to articles those would also be appreciated.
Thank you,
Mike Lupro
Hi Mike,
Are you looking to transact credit transactions in Europe? I have a blog post on SEPA which may be of interest: dynamicsgp.wordpress.com/.../sepa-the-dust-settles-a-bit
Which Bank are you transacting through? Where are the payments going - worldwide in multiple currencies?
Have you asked your bank for a specification of the file they require?
Ian.
I'm working with a new client in the Cayman Islands (Off shore company). Currency is all USD (I'm loving that).
The bank is HSBC and I've been told that the NACHA file format is not the one HSBC uses. I've not had any contact with the bank staff yet but wanted to hunt down some information ahead of time so I would look like I'm smarter than I am when I talked with the bank. :-). One of my associates said the transactions might be CHIP(?) transaction types vs. NACHA?
As far as I know - HSBC use a flat file. Certainly in the past they did as I remember creating one for GP. If its the BACS Std 18 format you will have no issues creating it using the GP EFT File tool.
I would contact HSBC and ask them for the file spec that they use with Cayman clients.
P.S. If you need local help in Cayman I know a real good GP and CRM guy there.
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