Fundamentals
Glossary
The key terms of 365 business Banking in brief, from account information service and EBICS participant to payment reconciliation journal.
Terms in bold are listed the way 365 business Banking uses them.
A–H
| Term | Meaning |
|---|---|
| Account Information Service (AIS) | The service that delivers a bank account's statements, balances and account details. → Account information and payment initiation service |
| Application Log / Check Application | Shows, for one line in the payment reconciliation journal, every entry checked with result and reason. → Check application |
| Bank Account Capability | Functions that your bank allows for an account, for example SEPA instant credit transfer or SEPA collective direct debit. → Bank account capabilities |
| Banking Interfaces | FastTab on the bank account card with the technical routes to the bank, such as XS2A or EBICS. → Bank account card |
| Banking Provider | The way a bank account is connected to its bank or payment service provider, such as SEPA Bank Account or camt / pain File. You choose it in the wizard in the Choose your banking provider step (field Provider); on the bank account card, the action group has the same name. → Connect a bank account |
| camt / pain | ISO 20022 file formats: camt for bank statements (camt.052, camt.053, camt.054), pain for payments (pain.001 credit transfer, pain.008 direct debit). → camt/pain file |
| Change Banking Services | Action on the bank account card to switch the account information or payment initiation service. → Combine banking services |
| Company | A company in Business Central. One bank access can connect bank accounts for several companies. → One bank access for several companies |
| Company Bank Access | The identity Business Central uses towards finAPI. One per company; also required for verification of payee. → Bank access |
| Connect Bank Account | The wizard that connects any bank account, via PSD2/XS2A, EBICS, file or a payment service provider. → Connect a bank account |
| Context Word | A word such as "invoice" that marks a nearby number as a document number. → Context words |
| Distributed Electronic Signature (VEU) | Second signature on an EBICS payment, given in the banking program. → Second signature at the bank |
| EBICS | Electronic Banking Internet Communication Standard: the direct route to the bank for corporate customers, with your own key pair. → EBICS |
| EBICS Jobs | Every order sent to the bank via EBICS (retrievals, submissions, key orders) with outcome and file. → EBICS jobs and submissions |
| EBICS Participant | Your access to one bank via EBICS: bank URL, host ID, partner ID, user ID and keys. → Set up an EBICS participant |
| EBICS Submissions | Every payment or direct debit file submitted via EBICS, with its status at the bank. → EBICS jobs and submissions |
| End-to-End Reference | A reference per payment that travels unchanged onto the bank statement; 365 business Banking uses it to recognize your own payments. → Recognize own payments |
| Euro Urgent Credit Transfer | Same-day urgent transfer in euro, a payment method of its own; via EBICS only (CCU/XCT-URG), if your bank offers it. → Euro urgent payment via EBICS |
| Ext. Payment Suggestion | Payment suggestion for vendors, customers and employees in one run, controlled by templates. → Extended payment suggestion |
| Foreign Credit Transfer | A credit transfer outside the SEPA rules: in another currency, without an IBAN or to a bank outside the SEPA area. Via EBICS (AXZ/XCT) if your bank offers the order, or as a pain file. → Payments via EBICS |
I–P
| Term | Meaning |
|---|---|
| Initialization Letter | Signed letter with which your bank activates an EBICS participant. → Set up an EBICS participant |
| Netting Statement | Document recording a customer-vendor netting in the payment suggestion. → Customer-vendor netting |
| Netting Statement Nos. | Number series for netting statements in the Banking Setup. Blank: NET-, date and counter. → Banking Setup |
| Payment Group | A group of customers or vendors with one central account that pays or is paid for all of them. → Payment groups |
| Payment Initiation Service (PIS) | The service through which a bank account's credit transfers, direct debits and standing orders are carried out. → Account information and payment initiation service |
| Payment Journal / Cash Receipt Journal | The journals for outgoing payments and (for direct debits) for incoming payments. → Payment journal, SEPA direct debit in the cash receipt journal |
| Payment Reconciliation Journal | The journal in which bank transactions arrive, are applied and posted. → Payment reconciliation journal |
| Payment service provider | Providers such as PayPal, Stripe or Adyen that receive your customers' payments and pay them out to you. → Payment service providers |
| Payment Status | State of a line in the payment journal or cash receipt journal: Open, Pending, Rejected or Completed. → Carry out payment |
| Pending Entry | Transactions your bank has announced but not yet booked. For information only. → Pending bank entries |
| Personal Bank Access | The bank access of a single person, when the bank issues personal online banking credentials. → Use with my own bank login |
| Preliminary Entries | Memo entries for a payment applied to a sales document that is not posted yet. → Application with open sales documents |
| Prenotification | Notice to the payer before a SEPA direct debit. → Prenotification |
| PSD2 / XS2A | The European Payment Services Directive and its "Access to Account" interface, through which finAPI reads your accounts and initiates payments. → PSD2/XS2A via finAPI |
Q–Z
| Term | Meaning |
|---|---|
| Quick Apply | Fast application using only unambiguous matches such as reconciliation rules or transaction IDs. → Apply bank transactions |
| Reconciliation Rule | A rule that automatically assigns a recurring bank transaction to an account and builds the posting text. → Reconciliation rules |
| Remittance Advice | Notice listing the documents a payment settles: to your vendors as PDF or REMADV, from your customers as REMADV. → Remittance advice, Remittance advices (REMADV) |
| Retrieve Transactions From | Field on the bank account card (hidden by default): the date from which transactions are retrieved. Set once and not moved automatically afterwards. → Combine banking services |
| Returned Direct Debit | A direct debit returned by the payer's bank. → Process returned direct debits |
| SEPA Payment Import | Where you check, approve and carry out a ready-made pain.001 file (for example from payroll) without posting it. → SEPA payment import |
| Transaction Fingerprint | A characteristic built from bank account, booking date, amount and counterparty IBAN, by which Business Central recognizes an existing transaction for Bank Account (camt File Import) and Universal, even if it previously arrived through another service. For finAPI, EBICS and payment service providers, only the transaction ID counts. → Retrieve bank transactions |
| Verification of Payee (VoP) | Check whether a payee's name and IBAN belong together. → Verification of payee |
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