Defining Sender Reference

When sending payments to the bank from the Payment Management payment journal the payments can be sent with a unique payment sender reference code. This sender reference follows the payments to the bank and to the vendors, and, if supported by the bank, it will be applied to the bank account statement lines. When using a payment reference template that contains a unique payment reference number (UPR), Statement Intelligence will use the UPR number to automatically match a corresponding bank account ledger entry.

For information on how to set up a sender reference template see Setting up payment references.

Note

It is strongly recommended that you always enter a sender reference on the bank account to identify a match for the payments in the bank account reconciliation. If the sender reference is not specified on the bank account then Vendor Name + UPR No. will be used as a default payment reference.

To define a sender reference template code

  1. Use the Search for page or report icon and search for Bank Accounts, and then select the related link.
  2. Open the relevant bank account.
  3. On the bank account card navigate to the FastTab Transfer.
  4. In the box Sender ref. Def Code, specify the payment reference template that must be used when creating a payment reference.
    If you import the bank account statement electronically, you should choose a sender reference template code that includes a UPR number.