Processing Only Checks or Only EFTs in a Vendor Payment Run

When you create a vendor payment run, you can specify whether to process vouchers for only vendors who are set up to be paid by check or vouchers for only vendors who are set up to be paid by EFT.

This information applies if you use a mix of printed checks and EFTs to pay vendors. EFTs include payments made using ACH (NACHA), SEPA, and ClieOps.

By default, a vendor payment run in Cash Management > Vendor Payments with a Check/EFT payment type can include a mix of payments made by checks and EFTs. A vendor is paid by EFT if the vendor and the bank that is entered for the AP voucher both have electronic payments set up for them (in the Firms hub for vendors and in Settings > Cash Management > Banks for banks). Otherwise, vendors are paid by printed check.

When you create a new payment run in Vendor Payments, use the following settings on the New Payment Run page if you want the payment run to include only vouchers to pay by EFT or only vouchers to pay by check:

• In the Payment Type field, select Check/EFT.
• In the Process Type field, select Automatic. When you review the automatically selected vouchers to pay, if needed, you can remove a voucher from being paid, select other vouchers to pay, and/or partially pay a voucher.
• Clear the Create Checks Instead of EFT Transactions for This Run check box.
• In the Payments to Include field in the Automatic Selections section, select EFT Only or Printed Payments Only.