Additional BACS Options

This form is opened from the Action button on the Purchase Ledger - Utilities - Set Options form. It is available if your Opera licence includes SEPA features.

If your licence includes SEPA (Single Euro Payments Area) you can set up to two options for BACS payments from the Set Options form. Each option can include a different banking file format. You may need to set up more than one system if you pay some suppliers from one bank account and other suppliers from another bank account. For example, you may need to pay some suppliers in Sterling and other suppliers in Euros using the SEPA format.

The first option is selected on the Set Options form; the second using the Additional BACS Options form from the Action menu on the form. You choose the relevant BACS system when you create the BACS payments files.

What's SEPA?

SEPA Credit Transfers

Most of the boxes on this form will be disabled unless the 'SEPA CT' (SEPA Credit Transfers) option is selected. The boxes will also be disabled if the Purchase Ledger is linked to the Nominal Ledger on the System - Maintenance - Company Profiles form. In this situation the sort code, account code, BIC and IBAN codes for the relevant bank will be taken from these forms:

You can also enter sort code, account code, BIC and IBAN codes for specific payees using these forms (if you use multiple bank accounts to make payments):

Box

Description

BACS Payment Software

An option that determines the BACS payment software used for the additional BACS system and therefore the format of the file created for BACS transmissions when this option is selected.

Bank Sort Code

The sort code of the bank account you use for payments made for the additional BACS system selected on this form. These codes must be 6 digits long.

Account Code

The number of the bank account you use for payments made for the additional BACS system selected on this form.

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.

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.

Name

The name of the bank account you use for BACS payments.

SEPA Initiating Party ID & Type

The Initiating Party ID is supplied by your bank and must be entered if the 'SEPA CT' option is selected from the BACS Payment Software list. These boxes are disabled if any other option is selected.

This table explains the Initiating Party Type that must be selected for the listed banks. If your bank is not listed please contact it to find out whether you should select 'Organisation ID' or 'Private ID'.

Bank

Organisation ID

Private ID

AIB

Yes

 

Bank of Ireland

 

Yes

BNP

 

Yes

Danske

Yes

 

Permanent TSB

 

Yes

Ulster Bank

Yes

 

Test Payment File

This option controls whether a payment file created for this BACS option in the Purchase Ledger - Payments - Create BACS File command is treated as a test file.

If this option is selected a new box called Test Indicator is displayed on the Create BACS File form. This is available so that you can enter an optional description of up to thirty letters, numbers or special characters (!" and so on) that is included in a payment file to indicate to the bank that the file is for a test.

This applies only if you use the 'SEPA CT' format.