Payee Names

Use the Payee Names command to record details of payees for which cheque, BACs and Single Euro Payments Area (SEPA) payments are made when you enter nominal postings in the Cashbook module using the N/L Postings command on the Action menu of the Bank Accounts form. The details can be printed on remittance advices and the payee name included on printed cheques.

Payee Name Entries

Box	Description
Payee	A unique reference of up to eight characters that identifies the payee.
Name	The name of the payee as used on cheques and/or remittance advices or as identification within a BACS file.
Address Details	The payee's address details including post code. The address is included on remittance advices.
Contact Details	A telephone and facsimile number and name of a contact for the payee. This is for reference purposes.
Ref/Roll No.	A building society roll number or an additional reference as required. This is included in BACS files generated if you have selected STDBACS in the BACS Payment Software list on the Cashbook - Set Options form.
Sort Code	The payee's bank sort code used for BACS payments. These codes should be 6 digits long.
Account No	The payee's bank account number used for BACS payments.
SEPA Payee	The name of the payee (up to 70 characters) that is included in a 'SEPA CT' payment file created using the Cashbook - Reports - BACS List report. This is enabled if your licence includes the SEPA feature and bank details have been entered for the payee. What's SEPA? The Single Euro Payments Area (SEPA) is an initiative in the European Union to improve cross-border Euro payments between EU countries (Eurozone and non-Eurozone countries) plus Iceland, Liechtenstein, Norway, Switzerland and Monaco. For steps to set up Opera for SEPA please follow the 'Setting Up Opera for SEPA' Help topic in the 'How to' section of the Purchase Ledger Help. This topic also includes steps to set up the Cashbook and other applications. Only enter a SEPA payee name if the payee's name is longer than 30 characters and this payee will be refunded in a 'SEPA CT' payment file. If the SEPA Payee box is empty the name entered in the Name box will be used in the 'SEPA CT' payment file.
BIC	The Bank Identifier Code. If you enter one you must also enter the IBAN code. Both codes will be checked by Opera when you save your changes to ensure that they are entered in a valid format. BIC and IBAN codes must be included for Single Euro Payments Area (SEPA) Euro payments. The Single Euro Payments Area (SEPA) is an initiative in the European Union to improve cross-border Euro payments between EU countries (Eurozone and non-Eurozone countries) plus Iceland, Liechtenstein, Norway, Switzerland and Monaco. For steps to set up Opera for SEPA please follow the 'Setting Up Opera for SEPA' Help topic in the 'How to' section of the Purchase Ledger Help. This topic also includes steps to set up the Cashbook and other applications.
IBAN	The International Bank Account Number. If you enter one you must also enter the BIC code. Both codes will be checked by Opera when you save your changes to ensure that they are entered in a valid format. BIC and IBAN codes must be included for Single Euro Payments Area (SEPA) Euro payments. Bank Identifier Codes (BICs) and International Bank Account Numbers (IBANs) are used to identify banks across national borders. The structure and length of the codes are defined by the International Organization for Standardisation (ISO) so must be entered accurately. The length of these codes can vary: - BICs: minimum length 8 characters, maximum length 11 characters - IBANs: minimum length 5 characters, maximum length 34 characters.
Bank Ref	A bank or building society reference allocated to the payee. This additional information may be required by certain banks or building societies. For example, payments made using National Westminster Bank's Autopay facility require a four-digit payee reference to be included in the payments file.
BACS Ref	The building society name, if appropriate. This is used to update the STDBACS file generated if you have selected 'STDBACS' in the BACS Payment Software list on the Cashbook - Utilities - Set Options form.

Box

Description

Payee

A unique reference of up to eight characters that identifies the payee.

Name

The name of the payee as used on cheques and/or remittance advices or as identification within a BACS file.

Address Details

The payee's address details including post code. The address is included on remittance advices.

Contact Details

A telephone and facsimile number and name of a contact for the payee. This is for reference purposes.

Ref/Roll No.

A building society roll number or an additional reference as required. This is included in BACS files generated if you have selected STDBACS in the BACS Payment Software list on the Cashbook - Set Options form.

Sort Code

The payee's bank sort code used for BACS payments. These codes should be 6 digits long.

Account No

The payee's bank account number used for BACS payments.

SEPA Payee

The name of the payee (up to 70 characters) that is included in a 'SEPA CT' payment file created using the Cashbook - Reports - BACS List report. This is enabled if your licence includes the SEPA feature and bank details have been entered for the payee.

What's SEPA?

Only enter a SEPA payee name if the payee's name is longer than 30 characters and this payee will be refunded in a 'SEPA CT' payment file. If the SEPA Payee box is empty the name entered in the Name box will be used in the 'SEPA CT' payment file.

BIC

The Bank Identifier Code. If you enter one you must also enter the IBAN code. Both codes will be checked by Opera when you save your changes to ensure that they are entered in a valid format.

BIC and IBAN codes must be included for Single Euro Payments Area (SEPA) Euro payments.

The Single Euro Payments Area (SEPA) is an initiative in the European Union to improve cross-border Euro payments between EU countries (Eurozone and non-Eurozone countries) plus Iceland, Liechtenstein, Norway, Switzerland and Monaco.

For steps to set up Opera for SEPA please follow the 'Setting Up Opera for SEPA' Help topic in the 'How to' section of the Purchase Ledger Help. This topic also includes steps to set up the Cashbook and other applications.

IBAN

The International Bank Account Number. If you enter one you must also enter the BIC code. Both codes will be checked by Opera when you save your changes to ensure that they are entered in a valid format.

BIC and IBAN codes must be included for Single Euro Payments Area (SEPA) Euro payments.

Bank Identifier Codes (BICs) and International Bank Account Numbers (IBANs) are used to identify banks across national borders. The structure and length of the codes are defined by the International Organization for Standardisation (ISO) so must be entered accurately. The length of these codes can vary:

- BICs: minimum length 8 characters, maximum length 11 characters
- IBANs: minimum length 5 characters, maximum length 34 characters.

Bank Ref

A bank or building society reference allocated to the payee. This additional information may be required by certain banks or building societies. For example, payments made using National Westminster Bank's Autopay facility require a four-digit payee reference to be included in the payments file.

BACS Ref

The building society name, if appropriate. This is used to update the STDBACS file generated if you have selected 'STDBACS' in the BACS Payment Software list on the Cashbook - Utilities - Set Options form.