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CAMT configuration

  • 25 October 2021
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  • Do Gooder (Customer)
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Hi!

We are implementing CAMT via Danske Bank. How can we perform the config so that we can use “transfer accounts”? If the bank G/L account is 1940 we would like to use 1941 for outgoing payments and 1942 for incoming payments. For example all incoming payments should be posted/booked on D-1940, C-1942 and the outgoing payments should be posted/booked on C-1940 and D-1941. No matching/clearing of payment orders or incoming payments should be made with CAMT053.

The posting of CAMT053 should be made automatically without manual intervention each morning. Then AP will do the posting of the CAMT054D for the supplier payments and AR will do the posting of CAMT054C for the incoming payments. CAMT054D should be posted C- 1941 and D-clear payment order. CAMT054C should be posted D-1942 and C-clear customer invoices.

Is this possible in IFS? I am sorry for the wording but after 20 years in the SAP ERP world I tend to use SAP english….

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Best answer by JJäthing 16 December 2021, 18:13

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Hi Jenny!

As you probably already have realized, IFS Applications does not work that way.

With IFS Applications you are expected to set up one ‘Cash Account’ for each bank account. Transactions in and out of your bank account are then mirrored exactly to your Cash Account. Further, you are expected to have one, and only one, General Ledger Account for each Cash Account (there are cases where you can have two Cash Accounts connected to one G/L Account but not the other way around).

The CAMT053 file will be imported to a mixed payment that will hold all transactions. There is a column in the Mixed Payment where transaction type is given. ‘Supplier payment’ is one and ‘Customer payment’ another so each department can work on their own subset of the transactions.

There seems to have been a plan to use Segmentation Criteria to split the CAMT053 file but either this was abandoned or it was designed/coded in error. There is a reported case for this.

Kind regards

Jonas