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Include credit invoices in supplier payment proposal for ISO20022

  • 29 April 2022
  • 3 replies
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Userlevel 3
Badge +4

Hi, 

My client wants to utilize the “include credit invoice’ functionality in supplier payment proposal. At the creation of the payment order, system does not allow to process the payment. 

Does ISO20022 Core template allow to process credit invoices? 

Payment formats per company

 

Payment Methods

 

Creation of the supplier payment order

 

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Best answer by EntLihinP 29 April 2022, 16:20

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3 replies

Userlevel 3
Badge +6

Hi @Sadeepa Gamlath ,

To include Credit notes in the Supplier Payment Orders, the following basic data needs to be done in the “Format Specific Information per Institute” window for payment method ISO20022.

Go to Payment Institute window, Select on ISO20022 Payment method and use RMB option “Format Specific Information Per Institute.”

 

This functionality is used to include credit invoices, grouped with the debit invoices in the ISO20022 xml.

 

Hope this clarifies your question. Kindly get back to me should you have any concern.

 

Regards,

Lihini. 

Userlevel 7
Badge +15

Hello,

As per my understanding, it is not possible to initiate in IFS negative supplier payment transaction - i.e. retrieve some amount from account of our supplier. Direct Debit entries are acceptable for customer side only. 

Userlevel 3
Badge +4

@EntLihinP

Thanks for the help Lihini. It is working as expected. 

 

-Sadeepa

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