From vendor to bank file
Overdue vendors are prepared as a payment. After C-level approval the SEPA pain.001 file is created with IBAN and total. Before that there is no bank file.
Payments
SEPA file and bank statement, matched to the open item
Overdue vendors become a SEPA pain.001 file, but only after a person has approved the payment. The bank statement (camt.053) matches the open item, and the IBAN check stops the oldest fraud in the book.
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IBAN check against fraud
If the IBAN differs from the last confirmed bank detail of the vendor, the payment is blocked. The classic payment fraud pattern shows up before money moves.
How it works
- 1
Take over vendors
Overdue items are in the payment list.
- 2
Check the IBAN
Compared with the last confirmed bank detail of the vendor.
- 3
Approve
The financial accountant reviews, C-level approves. No stamp, no file.
- 4
Hand out pain.001
The SEPA file is created from the approved lines.
Questions
Is the bank file created automatically?
No. Only after valid approval. Reminder, payment and export of open items wait for the stamp.
Does vorerfasst read the bank statement?
Yes, camt.053 is recognised. The incoming and outgoing payment matches the open item and takes the bank account into the journal without tax.
What happens with a different IBAN?
The payment stays blocked until a person has checked and confirmed the difference.