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EFT payment batch - One bank entry line?

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Posted on by KJ-03062255-0

How can we do an EFT payment batch and have it create only one Bank entry line for all the entries so that it matches the actual bank transaction that takes place at the bank? I have been able to do this on checks by not having the balancing account entered, having matching document numbers, and then the last line being the bank account entry. However, when I try and do this on an EFT batch, I get error messages on the /Bank Account/ line when I try and export the payments. It seems odd that you can do this on standard checks, but not on EFTs as EFTs are typically where those transactions will be grouped on a bank statement. I hope I am missing something, anyone know? The errors I get are:
1. Bank payment Type must be either Electronic Payment or Electronic Payment-IAT (If I choose Electronic Payment this one goes away)

2. You cannot export journal entries with negative amounts

3. Recipient Bank Account must be filled.

Thanks,

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Valentin Castravet 28,359 Super User 2025 Season 2 on at

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EFT payment batch - One bank entry line?

Its not possible out of the box without customizing the system.

Valentin Castravet
Work: Zander ERP Services
Blog: Dynamics 365 Business Central Insights
LinkedIn: www.linkedin.com/in/valentin-c-0500a247/

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VO-18051437-0 2 on at

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EFT payment batch - One bank entry line?

Hello

We are new to BC and having the same problem.
the EFT process generates entries at invoice level on the bank GL account. As our bank statement shows one line per file this is making Bank réconciliation manual and longer than it should.

Have you found a solution?

thanks.

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YUN ZHU 89,835 Super User 2025 Season 2 on at

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EFT payment batch - One bank entry line?

Unfortunately, as far as I know this cannot be done. You can export and merge manually, or consider customizing.

Hopefully other experts can give you better advice.

Thanks.

ZHU

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KJ-03062255-0 10 on at

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EFT payment batch - One bank entry line?

Valentin,

I appreciate the response, but this is not the issue. We want to create one bank transaction for the entire batch, whereas this creates a journal payment for the vendor. We can have 60+ EFT payments to vendors, and rather than it show on the bank ledger as 60+ transactions, we want it to show as just one bank ledger entry.

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Valentin Castravet 28,359 Super User 2025 Season 2 on at

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EFT payment batch - One bank entry line?

Is your bank transaction getting recorded as 1 entry for multiple vendor payments? Or 1 entry per vendor? If its the latter then in the Payment Journal if you use Suggest Vendor Payments to populate the journal you can use the Summarize Per Vendor option. This will create one payment journal line per vendor i.e. combine multiple invoices for the same vendor into 1 line.

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