General Procedure for EFT

You can transfer money from your company's bank account directly into your vendor's account by using Electronic Funds Transfer (EFT).

To pay a vendor using EFT:

1. Select vouchers for payment or use the Edit Voucher Payment Status screen.

2. Approve checks (EFTs).

3. Create the EFT file.

4. Print the EFT Edit Report to verify the transfer file.

5. Print EFT advices from the Print/Void Checks screen

6. Print the actual checks for any pre-notes from the Print/Void Checks screen.

7. Post cash disbursements.

Parent Topic:

Electronic Funds Transfer (EFT)