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Microsoft Dynamics GP (Archived)

recurring EFT/ACH payments for vendors

Posted on by 120

On a monthly basis our company has dozens of ACH's pulled from our checking account and then dozens of EFT payments made to other vendors for monthly reoccurring expenses and we have one vendor who makes a daily withdrawal from our accounts.

For quick entry and payment of a check we are using the Payment transaction entry window and cutting a check at the same time. Works great, but we do not have the option for EFT from this window.

We are not actually sending the EFT file we are just recording it in GP. We do not want to use the bank transaction option to record it as we want to make sure we are hitting the vendor account and not just the GL account.

We have a mix of loans, utility payments and a daily reoccurring expense to the same vendor that is withdrawn daily for a different amount each time.

For the daily withdrawal we seem to be stuck with a multistep process each time.

1) Enter AP Invoice

2) Add to batch

3) Select check to pay via EFT

4) Generate EFT file

5) Post.

What option can I present my accounting team that would be the easiest/quickest for them to do on a daily basis as well as quick and easy on a monthly basis for recurring expenses and loans.

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