Electronic Funds Transfer for A/P

The Electronic Funds Transfer (EFT) for A/P module works with Accounts Payable to help organizations improve cash management by controlling when vendor payments are taken from their bank accounts, reducing postage and check stock costs and saving time for accounting personnel.

The Accounts Payable module must be installed in order to use the Electronic Funds Transfer for A/P module.

With Administrative User Rights,

Organization>

• Set Up Modules>Electronic Funds Transfer

For Accounting

Maintain>

• Vendors>Payment and Terms tab*

Activities>

• Check Writing>Select A/P Invoices to Pay*, Pay Selected A/P Invoices*, and Create/Send A/P Electronic Payments

Reports>

• There are no specific reports for this module; however, columns and filters are integrated into the General Ledger and Accounts Payable reports to accommodate the EFT for A/P module.

*Electronic Funds Transfer for A/P features are integrated into this Accounts Payable form.