Bank Data, manual upload, create an abroad to abroad payment via shadow account

  • 25/04/2024
  • 4 minutes to read

To pay from one foreign account to another foreign account with Bank Data integration, manual upload (BD01 and BD01-JB bank centrals), you can not use IBAN / SWIFT. Alternatively, you can create a financial account (shadow account), which reflects the IBAN / SWIFT number from which you actually pay.

Technical explanation

In the online bank, a financial account conversion must be set up to ensure that the payment is carried out correctly. Technically, the payment file can only contain 4 + 10 digits in account information, for the account that is paid from. Since e.g. a German account is not built with 4 + 10 digits, it is necessary to make this simple financial account conversion in the online bank, so that payment can be made from the foreign account.

How to pay from one foreign account to another foreign account

Follow the guide below to complete the necessary setup so that you can pay from one foreign account to another foreign account.

1. Complete the financial account setup in the online bank

In order for the payment file to be created, it is necessary to use a 4 + 10 digit account number. This financial account number reflects the IBAN / SWIFT number that you actually pay from.

  1. Log on to your online bank.
  2. Create a general ledger account to be used for the conversion
  3. Use a 4+10 digit account number.

2. Enter the new general ledger account number in Dynamics NAV or Business Central on-premises

  1. Select the icon Søg efter side eller rapport or press Ctrl-F3, enter Bank Accounts, and select the related link.
  2. Select New and create the foreign bank account.
  3. Use the general ledger account number you created in step 1. The first 4 digits is entered in the Bank Registration No. field and the last 10 digits is entered in the Bank Account No.-field.
  4. In IBAN og SWIFT-Code, enter account information on the foreign bank account.

3. Create a payment to the foreign account

  1. Create a payment in Dynamics NAV or Business Central on-premises to the foreign account.
  2. As balance account, use the foreign bank account that you created in step 2.
  3. When paying from this account, the financial account number is included in the payment file. When the bank receives the payment entry, they can, based on the financial account number, identify the account that is set up for conversion, and from there make the payment from the correct account number.