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Hi,
My client just acquired a small UK company.
They are currently using EFT for payables and would like to conitnue paying their UK vendors using EFT. Has anybody done this?
Do I have to set up a separate UK install with UK Dictionaries?
Regards
Habib
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I'm based in the UK and usually need to create a custom EFT file format for whichever bank the client is using.
Habib,
Did you get this resolved? I have a client that is US based and has a UK branch. I have installed the cashbook management for the UK install, but I am having difficulties creating the eft format for use in the UK.
I have the information from their bank, Barclays, but can't seem to match anything up with the us formats.
I was just wondering ifyou could provide some feeback.
thanks
Carolyn
1. Are you already using multicurrency in your company? If so, you can setup additional currency for the UK. If not you can setup multi-currency and you would need to take care of the translation tables.
2. Or if you decide to set this up in a seperate company, you would still setup UK currency. . Then use management reporter to do the translation, although you still setup the translation tables in GP. (See Currency setup for Management Reporter).
3. Next go to your bank and hopefully you don't have Wells Fargo (antiquated EFT System). And find out what their requirements are for an UK EFT file. Depending on the bank there is a UK layout available. You will have to get the additional banking details for your Vendors: Building Society Roll, Swift Address, EFT Bank Branch, EFT Bank Account.
4. If there is nothing that can meet your needs as to your layout, then there are some 3rd party layouts available that will help you out. There was a mention of one last week. But start with your bank first. And get the layout and see if it can come straight out of the system.
Then look up multicurrency setup.
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