EFTs

EFTs (Electronic Funds Transfers or Electronic File Transfers) are used to make transactions via an online network between banks and people in place of paper-based methods, such as printing checks.

Selecting EFT Payments

EFT payments can be used to pay employees, customers, and vendors in the Accounts Payable, US Payroll, and Purchase Order modules.

For example, the 'EFT Payments' checkbox on the Accounts Payable - Maintain Vendors - Accounting - Tab in the Accounts Payable module allows users to set EFTs as a default payment method for a vendor.

Related Articles

The following articles contain information on how to set up and customize EFT payments:

• Accounts Payable - EFT File Format

• Accounts Payable - AP Payment Types

• Accounts Payable - Customizing EFT Email Notifications

• Accounts Payable - Emailing Vendor Pay Stubs When Printing an EFT File

• Accounts Payable - Handling Large Sets of EFT Email Notifications

• Accounts Payable - Accounts Payable Standard ACH File Format