Help centre › Accounting

Payments to suppliers (SEPA transfers)

This screen organises payments to your suppliers: it lists outstanding payables that have not yet been reconciled; you select those to be paid (‘approved for payment’), create a batch of bank transfers, download the pain.001 file to be submitted to your bank, and then bulk posting and reconciliation take place automatically.

What it is for

Paying suppliers manually, invoice by invoice, is time-consuming and increases the risk of errors or omissions. This screen automates the entire cycle: the ‘Schedule’ tab lists all outstanding supplier debts (not yet reconciled) with their due dates; you tick those you decide to pay now (‘approved for payment’), ensuring that each selected supplier has a valid IBAN entered (if not, you can enter it directly, or via their record if there is no linked OCR supplier record). You then create a transfer campaign with a reference and an execution date; the pain.001 file (standard banking format) is generated and ready to download for your bank. Once the transfer has been executed, you mark the batch as posted: ForXell automatically posts the bank entry (supplier debit / bank credit) for each transfer and links the debt to its payment, without the need for re-entry.