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We are in the process of setting up EFT for payables with Royal Bank of Canada and they have indicated that they don't require the use of prenotes. I noticed on another posting however that someone had indicated that "GP will not generate EFT transacations if you don't run Prenotes after setting up your EFT vendors". Now I am confused as to whether or not I need to use prenotes. Does anyone know? Thank you.
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You don't need to use the prenotes functionality - there is a setting in the Bank EFT set up window - 'Prenotes Required'...turn this off and you don't have to run the prenotes.
However, its irrelevant really - you could just run the prenotes when you add a Vendor and then they will be live. I have some clients who use this task as a way of finally validating adding the Vendor as a live EFT Vendor.
Best regads,
Ian.
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