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[Shari Bruno]

Greetings!

Are we able to configure ACH file transfers in companies that do not use USD, and are based outside the U.S.?

Thanks!

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Shari Bruno
Accounting Operations Manager
Bible League International
Crete, IL
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[Jo deRuiter]

?Hi

Yes, you are able to utilize the EFT’s in GP to pay international vendors. 

IF you have your multicurrency setup and a functional currency established in GP.  And, IF you assign the correct currency on the Vendor Card and in the Transactions.

I have heard of some companies needing to enter payments in foreign currency and apply them after the fact in GP, but I’ve never seen that needing to be done, myself.

The EFT setup will need to have an IAT format and a separate output file for the IAT format.

Please let us know if you have any other questions.

?

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Regards,

Jo deRuiter
“That GP Red Head”
Senior Financial Systems Consultant
Heartland Business Systems, LLC
Little Chute WI
920-687-4797 (Work)
770-906-4504 (Cell)
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[Shari Bruno]

Thanks

The file will be created by one of our Divisions that has their own GP company, functional currency EUR, and multi-currency with USD, ZAR, and KES. The ACH file will be transmitted in EUR to their bank in The Netherlands. They make all payments ACH, their bank charges fees for writing paper checks. Currently they initiate the payment through their bank, enter everything a manual payment in GP, then enter the invoice and apply the payment. I’ll talk with them about the IAT format.

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Shari Bruno
Accounting Operations Manager
Bible League International
Crete, IL
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