Advanced EFT creates an EFT output file which complies the Australian and New Zealand banking standards. The EFT file is imported into your banking software.
To create the .aba banking file, the Payment Journal must be populated with payments to vendors using the Suggest Vendor Payments functionality.
Suggest Vendor Payments
Suggest Vendor Payments is a routine that populates the Payment Journal based on filter criteria entered prior to running.
|Last Payment Date||This is the latest due date on the vendor ledger entry for inclusion in this payment run.|
|Check Other Journal Batches||Checks that this payment is not in another batch.|
|Summarize per Vendor||Ensures that a single payment journal line created.|
|Posting Date||The date that will appear as the posting date on the payment journal lines.|
|Starting Document No.||The document number that will be populated on the journal. This will default from the Payment Journal Batch.|
|EFT Payment||Only payments for vendors who have been setup for EFT payments will be included in the payment run.|
Create the EFT Payment File
Once you have run suggest vendor payments and reviewed the journal, you need to run the Create eBanking Payment function from the Process menu. This will populate the journal with the balancing line to the bank.
Payment Journal with the balancing line to the bank. The final step of the payment process is to import the .aba file into the online banking software and post the payment journal.
Cancel the EFT Payment File
If you need to make changes to the journal or the .aba file, you will need to cancel the eBanking Payment file first. This can be done by running the Cancel eBanking Payment function from the Process menu. By cancelling the EFT Payment file, the balancing bank line will be removed from the journal and the journal can then be edited.