Adding bank closing days
The bank closing day schedule helps ensure accurate calculation of banking and payment deadlines by accounting for weekends and official SEPA-region holidays. You can adjust payment dates before or after bank closing days to manage payment timing.
On the Banking Export Setup page, you can configure how the Payment Date or Payment Discount Date should behave when it falls on a bank closing day, such as a Sunday or a public holiday. You can move the date forward, move it backward, or prompt the user for input.
Note
If a payment discount grace period is set on the invoice (a standard Microsoft field), the system respects this period for discounts even if the payment date is adjusted due to a bank closing day. This ensures that you still have the full grace period to take advantage of early-payment discounts. For more information, see Payment tolerance and payment discount tolerance (Microsoft article).
Saturdays and Sundays are excluded by default. Continia Banking setup files automatically populate common SEPA bank closing days. If your organization requires additional or region-specific closing days, you can configure these manually using the Recurrence Pattern feature.
To add bank closing days:
- Search (
) and select Bank Closing Days. - On the action bar, click Bank Closing Days Setup Wizard to use the guided setup, or click New to add a date manually.
- In the wizard, select the country, enter a description, and select the start date and the end date.
- Click Next.
- To define recurring non-processing days (for example, the last Thursday of each month), open the Recurrence Pattern page. On the page, select the recurrence period type, the weekly interval, and the day of the week. Click Next.
- Click Finish to complete the setup.