web
You’re offline. This is a read only version of the page.
close
Skip to main content

Announcements

No record found.

News and Announcements icon
Community site session details

Community site session details

Session Id :
Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / AX 2012 R2 - SEPA SDD ...
Microsoft Dynamics AX (Archived)

AX 2012 R2 - SEPA SDD payment - Payment ID & Payment reference

(0) ShareShare
ReportReport
Posted on by Bernard Gregory

Hello,

What's the difference between Payment ID & Payment reference fields in a Customer payment journal ?

From our case, we process a SEPA Direct debit payment and i'm not sure of what values are expected on this field from functionnal point of view ?

An idea ?

Thanks a lot.

Gregory.

*This post is locked for comments

I have the same question (0)
  • Verified answer
    Sunil Profile Picture
    Sunil 755 on at

    In some jurisdictions, when you make a payment or receive a payment your bank need to verify the validity (e.g. to avoid money laundering transactions) of the payment / receipt.  The bank issues a unique code to each of their customers.  The latter unique code is displayed on vendor / customer invoices and this code need to be sent to the bank when you are making or receiving a payment.  In this way the bank ensures that the transaction is a genuine business transaction.  This code should be entered in the Payment ID field of your vendor / customer invoices.  Then when you create a payment proposal, the system would create a payment voucher line for each payment ID line.

    The payment reference on the other hand is the transaction # provided by the bank for each payment / receipt processed. You enter this code on the payment voucher line so that it is also referenced in your bank module for reconciliation purpose.

    In summary, the Payment ID is used by the bank to validate the payment before processing; and the payment reference is issued by the bank once the payment is processed.

  • Bernard Gregory Profile Picture
    Bernard Gregory on at

    Thanks a lot for your response. It is clearer now.

    Just one additionnal question, in case of SEPA SDD payment, I guess that Payment ID is not used ? Due to fact that it will the mandates associated that will be used for identifying the transaction by the bank.

    Thanks.

  • axerp Profile Picture
    axerp 2,600 on at

    Good Explanation Sunil.

  • Sunil Profile Picture
    Sunil 755 on at

    You need to check with your bank if the Payment ID is required for the SDD.  I have seen some countries in Europe using the payment ID on payment transactions (e.g. Norway) but I am not aware of the practices in other countries.  I am also aware that Norway is also part of the SEPA agreement.

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

Introducing the 2026 Season 1 community Super Users

Congratulations to our 2026 Super Stars!

Congratulations to our 2025 Community Spotlights

Thanks to all of our 2025 Community Spotlight stars!

Congratulations to the February Top 10 Community Leaders

These are the community rock stars!

Leaderboard > 🔒一 Microsoft Dynamics AX (Archived)

#1
Joris dG Profile Picture

Joris dG 5

#2
Alexey Lekanov Profile Picture

Alexey Lekanov 2

#2
Henrik Nordlöf Profile Picture

Henrik Nordlöf 2 User Group Leader

Last 30 days Overall leaderboard

Featured topics

Product updates

Dynamics 365 release plans