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SUMS DESK MANUALAPPROPRIATION YEAR END CLOSE Document Supported General Ledger AccountsRevised 5/4/21Reve.2Overview This desk manual provides instructions for Accounts Receivable documents and Conceivable
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SFMS (Structured Financial Messaging System) is used for secure and standardized electronic communication between banks and financial institutions.
Financial institutions and banks that engage in electronic communication for transactional purposes are required to file using SFMS.
To fill out SFMS for sending, users must access the SFMS platform, input the necessary transaction details, select the appropriate message types, and submit the formatted message securely.
The purpose of using SFMS for sending is to ensure secure, standardized communication between financial institutions, facilitating real-time transactions and information sharing.
Information reported on SFMS must include sender and receiver details, transaction amount, transaction type, and any specific instructions or references.
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