Voucher Payments

  • Voucher Payments

    Posted by DSC Communities on December 12, 2016 at 7:28 pm
    • Teresa Wilbur

      Member

      December 12, 2016 at 7:28 PM

      We are looking into paying our vendors via vouchers that our bank would pull directly from our NAV system, guessing through EDI.  Wondering, if anyone is currently paying their vendors this way? Would love to get some feedback on this.

      Thank you.

      ——————————
      Teresa Wilbur
      Controller
      noosa yoghurt
      CO
      ——————————

    • Jason Nicolaou

      Member

      December 13, 2016 at 8:00 AM

      Setup a few base profiles then copy for individual needs.  Groups can also be created, e.g. accounting clerks all have the same security.  Security is a hassle that you only have to deal with once per user.

      Happy Holidays!

      ——————————
      Jason Nicolaou
      Solutions Architect
      Socius
      Dublin OH
      ————————————————————————-

    • David Machanick

      Member

      December 13, 2016 at 12:36 PM

      The usual method in the US is to use electronic payments (ACH). This is supported in standard NAV, though individual banks may require some minor customizations to the exported ACH file.

      Also, there are not vendor remittance notices on most versions of NAV  – they can be added if needed by customizing the vendor remittance report which is generated for all vendors.

      ——————————
      David Machanick
      Sikich LLP
      Garland TX
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    • Peter Makki

      Member

      December 14, 2016 at 2:57 AM

      Hi 

      Take a look into Bank Data Conversion Services. This is an interface to many banks all around the world.

      It is a standard feature in NAV 2015 and above. It can also make notice to your vendors out of the box.

      And many more nice features like account statements, lockbox and positive pay files.

      Best regards

      Peter Makki

      ——————————
      Peter Makki
      CEO
      AMC Banking
      Frederiksberg
      ————————————————————————-

    • Rob Hansen

      Member

      December 14, 2016 at 8:26 AM

      If you implement electronic payments, we have an add-on called DocumentPath which will enable you to email out the remittance advices in batch mode directly from the payment journal.  There’s always been a bit of a disconnect in base NAV in this area as the process hasn’t been entirely electronic…the payments are executed electronically, but then you were left printing hardcopy remittance advices to mail out (or manually sending emails to the vendors with the info one by one).  Once you make your entire payment process electronic, you’ll wonder how you ever did things before!

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      Rob Hansen CPA, CMA
      Partner
      DynamicsPath
      Toronto, ON Canada
      ————————————————————————-

    DSC Communities replied 7 years, 4 months ago 1 Member · 0 Replies
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