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EFT Selection Process

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Posted on by JGarcia123

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We have a customer that is in the process of implementing EFT for Accounts Payable. As we are testing and working through our procedures we had a question regarding the selection process.

When setting up the batch we can mark the batch as EFT, but it appears we can select ANY open invoices to go into that batch, regardless if the vendor is setup for EFT. I thought that by marking the batch for EFT that would inherently limit selections to just EFT vendors. Is there a step or procedure that I am missing? Please advise. Thank you.

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Financial Management

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JGarcia123 1,455 on at

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EFT Selection Process

Thank you, Joe,

That's what I expected. I have other customers that use the EFT process but they also select separate and payments individually. I hadn't had any do a selection based on EFT status. In another engagement they could get creative with an EFT vendor class, but I don't think that would work for this customer due to other reporting/class needs.

Once again, appreciate the feedback.
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Joseph Markovich 3,856 on at

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EFT Selection Process

I've trained users to select the EFTs first and run those separately -- then they get off of the list when it is time to do checks. GP doesn't differentiate between the vendors receiving checks and the vendors receiving EFTs no matter what type of batch you select. Well, I've never seen it differentiate.

Of course, then that brings up a question of how do you know which ones are EFT vendors. I've built a custom cash requirements report that lists everything to be paid or credits available based on a cutoff date. It has an indicator on how the vendor is paid (check, eft, wire transfer). Happy to send that over to you too.

Have never been a fan of the build payment batch screen, so this was the alternative.

Joe