The simplest way to pay invoices, salaries and taxes
Leverantörsbetalningar (Supplier Payments) is a comprehensive payment product for paying invoices, salaries and taxes. It simplifies the company’s outward payment procedures by automatically monitoring the due date and making the payment on exactly the right date. It gives you full control over all outgoing payments, so you can easily plan and improve your company's liquidity.
You can pay in Swedish kronor or in euro, and you can make a transfer via bankgiro number, make a deposit into an account or deduct credit invoices and add foreign payments. When you make a foreign payment, the money is sent straight to your bank’s overseas department for monitoring and payment.
With Supplier Payment, you sent an electronic payment order to Bankgirot, which you create in your accounting system’s accounts payable ledger. The payment instruction contains information about what should be paid, how the payment should be made, who the recipient is and when the payment should be made, along with any information about credit invoices to be deducted. The payment instruction can include details of payment messages to be paid on completely different due dates, which will be monitored by Bankgirot.
The payment instruction is transferred to Bankgirot, which monitors the due date. On the due date, the payment information is sent to the recipient. Recipients with bankgiro numbers or just bank accounts receive the amount deposited into their bank accounts. In the absence of a bankgiro number or account number, the recipient will receive a money order instead.
Once Bankgirot has received the instruction, you will receive a confirmation detailing the total amounts of the payments monitored. Once the payments have then been made, you will receive a payment specification will full details sorted by payment date and recipient bankgiro number. Most confirmations can be delivered electronically straight to your computer, minimising paperwork and facilitating reconciliation against the subsidiary ledger.
If you previously used online banking to pay suppliers, you no longer need to double register the payment message. The instruction is already in your accounting system.
Supplier Payments is supported by most accounting systems available on the market, and regardless of the size of your company the service can be adapted to how often you need to send payment messages. If you do not register payment instructions every day, you could instead choose to do this weekly for example.