Electronic Funds Transfer

Access this tab with Administrative user rights using Organization>Set Up Modules>Electronic Funds Transfer.

Use this form to set up all the required information necessary to transmit files. The information entered here is used to identify a company's financial institutions, which Bank Holidays apply to each institution, and which General Ledger cash accounts apply to each institution. You can also enter the communication settings on this form, such as modem settings and connection properties.

In order to electronically transmit electronic vendor payment files (using a modem and terminal services), you must enter communication settings using the Connection tab or using software supplied by your financial institution.

Note: The Direct Deposit module must be set up using the following form to ensure that all the required information is entered to transmit files.

The following tabs are available on the Electronic Funds Transfer form. Click the link to view detailed information about each tab:

• Electronic Funds Transfer - Bank Tab
• Electronic Funds Transfer - Bank Holidays Tab
• Electronic Funds Transfer - Bank Information Tab
• Electronic Funds Transfer - Connection Tab
• Electronic Funds Transfer - Email Tab