Setting Up BOV SEPA v9

Setting Up BOV SEPA v9

Notes
Before proceeding, please ensure you are using the latest version of SFM.

Starting October 5th, 2025, Bank of Valletta (BOV) will begin processing live transactions using the new SEPA file format (version 9). The older version 3 format will no longer be accepted after October 4th, 2025.

If you're on the latest SFM update, any SEPA file with an effective date of October 5th or later will automatically be generated in the new version 9 format.


Required Configuration for BOV SEPA Files

When generating a BOV SEPA file, you may encounter an error if BOV Company Information is missing.



To resolve this:
  1. Navigate to Support > Bank Account Details.
  2. Select your BOV account and go to the Details tab.
  3. Click Edit.
  4. In the "BOV Additional Company Info" section, enter the Company Town and Country, these are now mandatory fields required by BOV.


Supplier Address Requirements

BOV also requires that each supplier’s Country Code is provided. If this information is missing, the system will prompt you to update it when generating SEPA files.


To update supplier address details:
  1. Go to Current Year > Utilities > Company Maintenance > Purchases Details tab.
  2. Update the Address fields to include the Town and Country.
Alert
While the Town and Country can be entered in any of the address fields, make sure to clearly label the fields as ‘Town’ and ‘Country’ for clarity and compliance.

The Country field in supplier addresses will automatically reference the updated Country Support File located at Support > Countries.


When generating a BOV SEPA file, the system will notify you if any supplier is missing Town or Country information.



Idea
You can update supplier details in bulk using the Export/Import functionality.


Testing the New SEPA Format

The system will automatically switch to SEPA version 9 on October 5th, 2025. However, if you wish to test the new format:
  1. Regenerate a previous SEPA file.
  2. Set the Effective Date to October 5th, 2025, or later.
  3. Submit the file to BOV for testing purposes only.

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