SEPA Direct Debit in Cash Receipt Journal

With 365 business Banking you collect SEPA direct debits directly in the cash receipt journal, with suggestion, prenotification, VoP and returned direct debits.

Business Value

In standard Microsoft Dynamics 365 Business Central, direct debits are processed through separate direct debit collections, apart from the rest of payment processing. Prenotification and returned direct debits require manual work. With 365 business Banking, you collect direct debits where you also process incoming payments, and perform every step up to posting in the same journal.

Feature Description

• A Cash Receipt Journal becomes a direct debit journal when the payment method of its journal batch has the Banking payment method Direct Debit or SEPA Collective Direct Debit, for a payment service provider also Payment Service.
• Suggest Direct Debits creates lines from due invoices, with mandate, Payer Bank Account and a Collection Date in bank working days. Entries already being collected through a journal line or a standard direct debit collection are not suggested again.
• Print Prenotifications and Send Prenotifications inform payers about amount and collection date.
• Verification of Payee (VoP) checks account holder and IBAN of the payer.
• Carry Out Direct Debit hands the direct debits over via PSD2/XS2A, EBICS or as a pain.008 file.
• In the payment reconciliation journal, Assign Returned Direct Debit assigns a returned direct debit to the original collection.
• If the bank account of the journal batch is the account of PayPal, Stripe or Adyen, the suggestion and Carry Out Direct Debit collect through the customer's stored payment method, with the payment authorization instead of a mandate. Invoices that are already being collected through another way are neither suggested nor collected. See Collection via a payment service provider.

Details: SEPA direct debit in the cash receipt journal