Account Batch Payment - Bulk Payments
Pay multiple invoices at once with standard bank files
The Account Batch Payment module allows paying multiple vendor bills at once, creating bulk payment files in bank formats (SEPA, ISO20022) to upload to internet banking.
Save payment processing time, reduce errors and leverage early payment discounts.
Key Features
Key points
• Bulk Processing: Pay multiple Bills at once
• Bank File Export: Export SEPA, ISO20022, NACHA files
• Payment Grouping: Group payments by vendor, date
• Approval Workflow: Approval process before payment
• Payment Tracking: Track status of each payment
• Auto Reconciliation: Auto-reconcile after payment
Batch Payment Process
Steps
1. Select Bills: Go to Accounting → Vendors → Bills. Filter Bills to pay (Due Date, Vendor).
2. Create Batch: Select multiple Bills, click Register Payment. Choose Batch Payment mode.
3. Configure: Select Bank Account, Payment Date, Payment Method. System calculates total.
4. Approve: Send to manager for approval if needed. After Approve, create bank file.
5. Export File: Click Export Bank File. Choose format (SEPA/ISO20022). Download XML file.
6. Upload to Bank: Login to internet banking, upload file, confirm payment.
7. Reconcile: After bank processes, import statement to auto-reconcile.
Bank File Formats
Bank File Formats
| Format | Region | Description |
|---|---|---|
| SEPA Credit Transfer | EU | Transfers within EU, XML format |
| ISO20022 pain.001 | International | International standard, widely supported |
| NACHA | US | ACH payments in US |
| BACS | UK | Bulk payments in UK |
Benefits
Key points
• Save time: Pay 100 Bills in 5 minutes instead of 2 hours
• Reduce errors: No manual entry per transaction
• Early discounts: Pay on time to get discounts
• Better control: Centralized approval, easy tracking