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:
- Select vouchers for payment or use the Edit Voucher Payment Status screen.
- Approve checks (EFTs).
- Create the EFT file.
- Print the EFT Edit Report to verify the transfer file.
- Print EFT advices from the Print/Void Checks screen
- Print the actual checks for any pre-notes from the Print/Void Checks screen.
- Post cash disbursements.
Parent Topic: Electronic Funds Transfer (EFT)