New SEPA Feature

If your business makes payments in euros, SEPA can seriously streamline the process. Instead of sending payments one by one, SEPA lets you generate one secure XML file that your bank processes in a single go. Here’s a quick and easy guide to getting SEPA set up in Timesheet Portal.

SEPA stands for Single Euro Payments Area. It’s a European payment standard that allows businesses to send euro payments quickly and seamlessly across participating countries.

Rather than creating each transfer manually, SEPA lets you bundle multiple payments into one XML file. Your bank then processes the whole batch at once — making it ideal for paying contractors, suppliers, or staff efficiently.

To use SEPA inside Timesheet Portal, you must first enable the Pay Assist module.

You can do this under:
Settings → Pay Assist

Navigate to:
Pay Assist → Payments Export → Create Payment Run

Fill in:

• Payment Run Config Name
  (Example: Weekly Euro Payments)
• Payment Type: SEPA

You’ll need to complete these required fields:

• Initiating Party Bank ID
• Debtor Name
• Debtor Bank IBAN
• Debtor Agent BIC

Once everything is filled in, click Save.

When you're ready to export your payments:

Go to:
Self Billing → Payment Exports

Here you can run your new SEPA configuration and download the SEPA XML file, ready to upload directly to your bank.