[Scott Shankel]

My company is in the middle of setting up EFT’s for payables.   Other than a pre-note, does anyone send “test” ACH’s to vendors?  (ie – send a partial payment for $1 and have vendor confirm receipt)

Thanks in advance for your feedback! 

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Scott Shankel
Controller
Woodings Industrial Corp.
Mars PA
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[Beat Bucher]

Hi Scott,
Not sure if it is a common practice, but I’ve seen it quite often that once the EFT for a new vendor is setup, a ‘dummy’ transaction of 0.10$ is sent over to test if the ACH paiment goes thru.. usually vendors will reply within 48hrs they have received it.

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Beat Bucher
Business Analyst, Dynamics GP SME
Montreal QC/Canada
@GP_Beat http://www.gp-geek.com
Montreal QC GPUG Chapter Leader
MBS MVP (2015-2018)

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