ACH in Microsoft Dynamics 365 Finance and Operations one version D365FO
Rahul Mohta
21,014
Automated Clearing House (ACH) is an electronic network for financial transactions in the United States.
Payment instruction is issued to create an ACH transaction.
Setup of ACH in Microsoft Dynamics 365 Finance and Operations one version D365FO
- Setup bank and routing number on vendor
- For a USA bank account
-
Routing number type
Bank account
Routing number
Bank account number
Company statement name
Destination name
-
Setup company statement name for the bank which is enabled once you define the address in USA or Canada.
Also setup company id and routing# 123456780
- Select vendor
- Define default bank account for the vendor for ACH.
- Make payment to vendor using a method of payment of type 'Electronic payment'
- Export file should be specified of type NACHA IAT
- Must specify 1 payment specification for ACH method of payment.
- During vendor payment journal - function generate payment
- File generated
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