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Hi Community,
I would like to find out what is the difference between EFT Vendor Bank Account VS Preferred Bank Account in Navision 2018?
Thank you!
Josh,
The 3 fields listed means the following:
EFT Payment and Vendor Bank Account Code are specific to AU local version only. They are setup for the EFT payment process. As for their specific meaning to the AU version, please use the link Yun provided.
The Preferred Bank Account Code shows the default Vendor Bank Account to be used in the Payment Journal process. You can have more than one but this shows the default.
Hope this helps.
Thanks,
Steve
Hi, Adding Josh's reply
Electronic Funds Transfer (EFT) in Australia:
https://www.youtube.com/watch?v=dnNKTpkFo8Y
Preferred Bank Account: Specifies the vendor bank account that will be used by default on payment journal lines for export to a payment bank file. The account number is copied to the Recipient Bank Account field in the Payment Journal window when you prepare payments for export.
Hope this will help.
Thanks
ZHU
EFT is specific to the local version in use. Preferred vendor bank account is used across many other localisations. It is therefore possible to not use EFT and still produce payment journal data that has some fields taken from the vendor record
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