EFT Payments

  • EFT Payments

    Posted by Hilary Burchfield on May 17, 2023 at 6:50 pm

    I just setup EFT payments in our system. I tested prenotes with one vendor for a test before adding a bunch of new vendors and the only issue I had was the date on the file. I just went in a changed the date in the text file but I want to do it correctly. Do we just set the system date to 2 business days ahead when creating our EFT payment batch? I know when we do direct deposit for Payroll it pulls from the pay date we enter so just want to make sure so I can create correct procedures for AP.

    stacy-mcroy replied 11 months, 1 week ago 2 Members · 1 Reply
  • 1 Reply
  • stacy-mcroy

    May 18, 2023 at 9:17 am

    We actually change the Check Date and the GL Posting Date when processing our EFT batches (typically to the next (business) day or whatever day we are wanting that payment to come out from our bank.

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