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EFT for Receivables

We are looking to implement EFT for Accounts Receivable. This is a GP2018 R2 site, and had a couple of questions:

This is going to be for a standard service and amount that that will be billed on a monthly basis. The billing will originate via a recurring batch or an upload to the receivables transaction entry screen. That said:

Under the Checkbook EFT setup for Receivables, I see a handful of foreign EFT formats available including the United Kingdom and Canada. I am not seeing an option for Australia. Is it possible to create other foreign formats?

Please advise.

Categories:

Microsoft Dynamics GP

Hello and Thank you for your Post!

The File Formats are set up for US Government and NACHA formats mostly. If your bank can provide a file based on one of the formats listed in the File Formats that Dynamics GP has available, you can use that. If not, you will want to set up a new file format using the User Defined option. You can find more information on this in the following KB Article.

support.microsoft.com/.../kb-guidelines-to-follow-when-you-generate-eft-files-or-eft-prenote-files-in-electronic-funds-transfer-for-payables-management-or-receivables-management-in-microsoft-dynamics-gp-6651e337-3625-fd56-29bb-35b6f0e572aa

You will find a bit more expansive information in Questions 9 and 10 in the Frequently Asked Questions section, but really it will come down to what file format that you can be provided by the bank that you will be working with for these payments.

Let me know if that helps!

Regards,

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