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• Checklist: Processing AP Checks and EFT Payments
  Follow this checklist to understand the process to generate accounts payable checks and EFT payments.
• EFT Processing for Accounts Payable
  Use Electronic Funds Transfer (EFT) to pay a vendor by making a direct deposit to the vendor's account at a bank or other financial institution.
• EFT Options in AP Payment Processing
  You use the options on the General tab of the AP Payment Processing form to control your enterprises's Electronic Fund Transfer (EFT) transactions.
• Pay When Paid Voucher Processing
  If you specify Pay When Paid (PWP) as the payment terms for a voucher, DPS schedules the voucher for payment in the next payment run after the client has paid your enterprise for the bill that includes the voucher expense.
• Effect of Posting AP Payments
  When you post accounts payable payments, DPS makes multiple entries to the General Ledger and Accounts Payable subledgers.
• Assigning Check Numbers
  After you print checks, you assign numbers to them. DPS tracks the check number in the posted payment file so that you can monitor your check stock inventory.