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ACH in Microsoft Dynamics 365 Finance and Operations one version D365FO

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

  1. Setup bank and routing number on vendor
    1. For a USA bank account
    2. Routing number type

      Bank account

      Routing number

      Bank account number

      Company statement name

      Destination name

  2. 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

  3. Select vendor
    1. Define default bank account for the vendor for ACH.
  4. Make payment to vendor using a method of payment of type 'Electronic payment'
    1. Export file should be specified of type NACHA IAT
    2. Must specify 1 payment specification for ACH method of payment.
  5. During vendor payment journal - function generate payment
  6. File generated

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