Cash Management

Support for HSBC SEPA bank files

Save time and pay vendors and employees electronically in Sage Intacct with a new bank file format. We now support a SEPA bank payment file for use with HSBC bank accounts.

How it works

To start using SEPA bank files with HSBC, first set up the checking accounts and vendors you'll need use to process payments.

Step 1. Set up checking accounts for bank file payments

1. Go to Cash Management > All > Checking to add or edit an account.

2. Go to the Bank file tab for the account.

3. Select Enable bank file payments.

   Sage Cloud Services must be enabled for this option to appear.

4. Select the appropriate Bank file format.

5. Enter your HSBC account details.

6. Enter the bank address.

7. Save your changes.

Step 2. Set up vendors for bank file payments

1. Go to Accounts Payable > All > Vendors to edit vendors.

2. Edit the vendors that you want to pay with bank files.

3. Go to the Bank file tab.

4. Select Enable bank file payments.

5. Enter the vendor's account details.

6. Save your changes.

Step 3. Optionally, set up employees

1. Go to Time or Expenses > All > Employees to edit employees.

2. Edit the employees that you want to pay with bank files.

3. Go to the Bank file tab.

4. Select Enable bank file payments.

5. Enter the employee's account details.

6. Save your changes.

Step 4. Pay bills and generate payment files

1. Select ACH or bank file as the payment method whenever you pay vendors and employees using the HSBC account.

2. Follow the bank file payment workflow to generate, upload, and confirm the payment.

Permissions and other requirements

Subscription	Accounts Payable Cash Management Sage Cloud Services Time and Expenses
Regional availability	All regions
User type	Business
Permissions	Accounts Payable Vendors: List, View, Add, Edit, Bank details, Unmask bank details Cash Management Checking accounts: List, View, Add, Edit Time and Expenses Employees: List, View, Add, Edit, Bank details, Unmask bank details
Configuration	Bank files are enabled in the following places: Sage Cloud Services subscription configuration Checking account for EUR currency payments Vendors Employees