SEPA Standing Order

With 365 business Banking you set up SEPA standing orders in Business Central and submit them to the bank once, which then executes them on schedule.

Business Value

Recurring payments such as rent, subscriptions or regular supplier instalments must be executed reliably and on time. With the standing order feature in 365 business Banking, such payments are set up once and submitted to the bank. The bank then executes them on schedule. A manual transfer every month is not required.

Feature Description

In 365 business Banking, you set up and manage SEPA standing orders directly in Microsoft Dynamics 365 Business Central. On the Standing Orders page, you define amount, recipient, frequency, starting and ending date and SEPA purpose code. The standing order is submitted to the bank once and then executed automatically.

When an execution is reported back as a bank transaction, payment application links it to the released standing order of the same bank account. This requires the same recipient IBAN, the same amount and a matching purpose. The bank account ledger entry then carries the Standing Order No.. Released standing orders also flow into the cash flow forecast, see SEPA Standing Order: Cash Flow Integration.

For step-by-step instructions, see the article Create standing orders and import them from the bank.