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Direct Payment to Vendor using company's bank account

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Posted on by Imari

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We would like to set up a direct banking in Business Central to pay our vendors using company's bank account. How do we set it up in Business Central.

Appreciate your assistance.

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JAngle 133 on at

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Worth checking this app out first: docs.microsoft.com/.../ui-extensions-amc-banking

Streamlines the process and it’s recommended by MSFT themselves.

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Imari 164 on at

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Hi Josh,

Thank you for your response. I will look into this and apply it and will provide the feedback afterwards.

Again, thank you for your help.

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Community Member on at

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Hello,

As Josh noted, AMC Banking allows for the 1st Bank setup to be free. You can also process Vendor Payments using Bill.com APP with BC. If none of these work, you can work with your Bank to send EFT/Check processing files using Data Exchange Definitions.

Thanks,

Steve

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Imari 164 on at

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Hi,

Good day! Do you happen to have a link or tutorial on how to set up the AMC banking? And, this AMC banking set up will allow the company to pay the vendor just using BC, without any transactions needed to be submitted to the vendor's bank or the company's bank? Appreciate your response.

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Imari 164 on at

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Hi, Josh.

We have successfully set up the amc banking in BC however, whenever I click on the bank name under the Vendor bank account card, no details are populated. I selected Set up> Update Bank name details but I'm getting this error: /cfs-file/__key/communityserver-discussions-components-files/758/AMC-Banking-error-_2D00_-Update-Bank-Name-details-_2800_vendor-bank-card_2900_.docx

I updated the password on the AMC license page but I'm still getting this error message.

Just need help on how we could fix the error. Thank you.

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Community Member on at

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Imari,

Connect with AMC Banking to help you:

https://www.amcbanking.com/

Register and submit support ticket.

Thanks,

Steve

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Imari 164 on at

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Hi, Steven. Thank you for your response. I managed to fix the error message and I'm on the exporting of file part. I already have the payment journal line generated but I'm getting error : The Bank Account does not exist. Identification fields and values: No.='4' whenever I export the file.

Doc. Type: Payment

Accnt. Type: Vendor

Recipient Bank Account: Bank of the vendor

Payment Method code: BNKCONVDOM

Balance Account Type: G/L

Balance Account no: 4

Appreciate your usual assistance.

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Community Member on at

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Imari,

If this error appears when you click Bank/Export then is the Vendors Bank Account setup with the Bank Name, Bank Account No., Routing No., SWIFT or IBAN? Also, an email for the Vendor to send Remittance Advice. The balancing account for the Payment Journal is pointing to one of your Bank Accounts that the Batch has flagged Export Allowed?

Check these and try again.

Thanks,

Steve

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Imari 164 on at

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Than you, Steve for your response. On the general journal batch, currently, we only have one set up which is for general ledger. Can we use that on the payment journal under the balance account type and balance account number? I tried to use it since it's the default one but had the error. I also tried Bank and The bank account as the balance account number on the payment journal but still getting the same error.

Should I have the Bank set up on the general journal batch aside from the general ledger and use that instead?

Btw, Allow payment export is checked using the GL under general journal batch.

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Imari,

You should have a Bank Account setup for the Batch that will generate payments and Direct Payments. Make sure the Batch has no entries and update the Batch to show the Balancing is the Bank. Then try filling in the Payment Journal. Look at my example on the reply before it shows this setup.

Thanks,

Steve

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