EFT Process Payments using Direct Deposit

Accounting>File>Accounts Payable>Check Writing>Flag Payables

Once the supplier file is set up with the account number and routing number then that supplier is considered an EFT supplier. 

• When you select EFT in the Check Flagging screen, only EFT supplier records will show. 
• Flag the AP to be paid electronically. 
• Credits should also be tagged when flagging checks.
• Click the Printer button to print.

Select Transfer account; select to print hard copy remittance at this point. Click OK.

The Direct Deposit module opens up. Select the date the funds should transfer to the supplier.

• Click the green transmit icon and Print an Audit Report.

• Select the correct Bank and create DD file to be uploaded to the bank.

• If yes is selected for "Did Bank File Create Properly?", then the AP screen will open.

• Transfer funds from the operating account to the transfer account to cover the EFT amount.

• The file is now ready to be transmitted to the bank for processing.