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Hi,
International vendors are paid via wires which are entered in GP via Manual Payment function. Is there a way to setup GP to send remittance advice automatically to the vendor when a manual payment of a wire is processed in GP?
Any solutions will be greatly appreciated.
Thank for your time and response, Lisa.
Regards
I'm not following all the currency information (nor do I have many multi-currency implementations) so you may need a case with Microsoft to go through your specific requirements.
I do know that Currency is one of the fields in the vendor EFT setup. I would expect this is the currency for the payment but I'm not familiar enough to know if that is a fair assumption. (Help on the field is not helpful.)
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Hi Lisa,
Hope all is well.
Regarding this remittance advice solution for wired vendors, there's an issue. If a USD invoice is processed in local currency (equivalent to amount in USD on the invoice) in the system, system will send the remittance advice in local currency, however, the invoice is in USD. Is there a way, that system can send the remittance advice in USD (even if it's processed in local currency in the system) so that the vendor is not confused on the difference of amounts?
Regards
Thank you so much for the solutions, Lisa.
For some reasons, payment number field is greyed out even in the edit vendor payment window - not letting me enter the wire number. However, printing a cheque by marking the separate remittance checkbox seems a workable solution as we can edit the cheque number to write wire payment ID instead. I'm going to try it for some time and hopefully, there wont be any issues.
Once again, super thanks for your time.
Have a great time - always
1-GP automatically assigns EFT (Electronic Fund Transfer) payment number which are not editable, however, we would like to give the Wire ID as the payment number in GP. How would it be possible?
Instead of building the payment batch, you could create new payments with Edit Vendor Payment and use the Wire ID as the Payment Number. If you would like to take advantage of the Build Payment Batch functionality, you could then edit the unposted payment and add the Wire ID to the Comment field. (This is visible in SmartList as Transaction Description.)
2-If all of the bank accounts are not setup for EFT, system will not process payment for all country/region code of the vendors which are conflicting with the country/region code of the chequebook selected. How do we tackle with this issue?
Since you aren't really sending EFTs, what about using an internal Address ID that has a US Country Code? You could still enter the vendors information/e-mail.
And now that I have tested some of this, I realized you probably don't need to even bother with EFT to get the e-mails sent: You could just mark the Separate Remittance checkbox when you printed the checks - to a file or plain paper as you don't need to actually print them. That would activate the Process Remittance where you could e-mail the remittances.
Thanks for the way around, Lisa.
Apologies for the late reply as I had to do some tests before giving any remarks.
There are a couple issues with this way around;
1-GP automatically assigns EFT (Electronic Fund Transfer) payment number which are not editable, however, we would like to give the Wire ID as the payment number in GP. How would it be possible?
2-If all of the bank accounts are not setup for EFT, system will not process payment for all country/region code of the vendors which are conflicting with the country/region code of the chequebook selected. How do we tackle with this issue?
Instead of entering them in Manual Payment Entry, what about using the GP EFT functionality - you don't have to actually upload the ACH file to the bank - so that you can use the Process Remittance step to send e-mails?
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