ISO20022 Payment in D365FO for Norway – Part 2 (Config)

There are standard configurations in Dynamics 365 Finance & Operations that can be installed via Microsoft repositories. These configurations are approved already can be used as plain version or it is already customized for each country. In addition, it’s not hard to create a custom configuration when you need to create a modification on configuration based on bank requirements.

In order to import ISO20022 configurations in D365FO, you can perform following steps:

  • Navigate to Workspaces > Electronic reporting
Electronic reporting
  • Click on Electronic reporting parameters and set “File” for attachment document types.
Electronic reporting parameters
  • On “Configuration providers” choose Microsoft and click on “Repositories”
Microsoft repositories
  • On “Configuration repositories”, choose type “Global” and click on “Open”
Configuration repositories
  • Search for “ISO20022 Credit transfer (NO)” and click on “Import”. You can continue the same process for “ISO20022 pain.002”,”ISO20022 Camt.054” and “Camt.053 Format”
Global Configuration repositories
  • Once these configurations have been imported, you can enable them for Norwegian legal entities.
  • Navigate to Account payable > Payment setup > Methods of payment and set following values for provided fields:
    • Payment status : Approved
    • Payment type : Electronic payment
    • File formats > Generic electronic Export format : Yes
    • File formats > Export format configuration : ISO20022 Credit transfer (NO)
    • File formats > Return format secondary configuration: Camt.054
    • File formats > Return format configuration : Pain.002
Vendor methods of payment
  • Navigate to Account Receivable > Payment setup > Methods of payment and set following values for provided fields:
    • Payment status : Received
    • Payment type : Electronic payment
    • File formats > Generic electronic Import format : Yes
    • File formats > Import format configuration : Camt.054
Customer methods of payment
  • Navigate to Cash and bank management > Setup > Bank statement format and add “Camt.053” as new statement format.
Bank statement format

Then provide this statement format for bank account that you want to activate advanced bank reconciliation:

Bank account reconciliation

Then, the legal entity is activated for importing and exporting ISO20022 bank files.

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