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Hi all,

Quick question for anyone who’s been through this.

  • We have invoices with different currencies (USD, GBP, etc.).

  • When we prepare the payment run, our bank only accepts SEPA files, which means everything has to be in EUR.

  • Any line that’s still in USD, GBP, … blocks the process with error messsage

Has anyone found a smooth way to make sure these invoices payments end up in EUR automatically—or another simple workaround that keeps the process easy for AP?

Thanks a lot for any tips!

Hello ​@Abdessamad 

Maybe you should try using ISO20022 format with SEPA service code. Since ISO format allows multi currency payments, you should be good  with multiple currencies. The XML export should be with SEPA standards.

Hope this helps

 

Hello,
SEPA is a payment method dedicated to payments in EUR. 
If you want to pay your supplier in other currencies, you should use different payment method/format, like ISO20022 mentioned by ​@Furkan Zengin. 

However, if you would like to pay your supplier in EUR for invoices expressed in other currencies, situation is more complex, as IFS does not offer possibility of different currencies for expense recording and for payment. You always pay in the currency of invoice recorded. 
If it is not frequent case, you can convert foreign currency invoice to difference item in EUR and pay this difference item. Otherwise you should negotiate with your supplier either billing in EUR or payments in invoice currency. 

 

Hello, 

 

Thank you for your comments, I will try to convince the users to use this method.

 

I don’t think either that tthe SEPA file is very different from the ISO2022 file.

 

The only thing ​@Furkan Zengin is that we cannot use the SEPA code as you suggested, tried it today.

 

Thank you for your help.

 

Best regards

Hello ​@Abdessamad 

You cannot use because it does not exist in the LoV? Or you cannot use because of limitations from the bank?

If you cannot see in the list check the following window and you can add as below.

 

 

Thanks

Furkan

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