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Vendor payments in Germany

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Posted on by Matilda B

Hi,

I am trying to set up vendor payments for a customer in Germany and since I have only worked with Swedish company before I think this is a little bit tricky. The process seems to be different from how you do payments in Sweden.

1. Create vendor payment journal and select which payments to send to the bank.

2. Send the payments (is it a legal demand to post this to a special bank account???)

3. You collect a bank statement at the bank.

4. Use bank reconciliation (cash and bank management/bank reconcilliation) to import the payments done at the bank

Is this how the process works in Germany?

Kind regards, Matilda

Cash and bank management
Bank statement reconciliation
Bank reconciliation

Cash and bank management
Bank statement reconciliation
Bank reconciliation

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Kevin Xia Microsoft Employee on at

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Vendor payments in Germany

Hi,

I checked the official documentation and didn't find a specific note about the payment from the German supplier. You can check out this official document: Germany overview - Finance | Dynamics 365 | Microsoft Learn. This article includes information and links to resources that should be considered for legal entities with a primary address in Germany.

Best regards,

Kevin
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BillurSamdancioglu 15,811 Most Valuable Professional on at

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Vendor payments in Germany

The only difference that I saw in my implementations were to use the SEPA.