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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Bank Deposit for EFT r...
Microsoft Dynamics GP (Archived)

Bank Deposit for EFT recievables

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Posted on by Sheila O. 250

Hello,

We have a customer that generates their EFT file for receivables a week before the money is actually debited from their customers. We are entering the Transmission and Settlement date for the date the money is to be debited.  But the Bank Deposit that is being auto generated is giving it the user date when the file is generated.  What is the way around this?  This customer is on GP 2015 R2, however we are having the same issue with a customer on GP 2013 R2 as well.  Is there a setup to tell the system what day to use on the bank deposit?  OR can we shut off the auto generated deposit?  This causes a significant issue when reconciling the bank statements.

Thank you in advance for your suggestions/solutions!

Sheila

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  • DominicBeland Profile Picture
    DominicBeland 330 on at
    RE: Bank Deposit for EFT recievables

    Sheila, you're saying that you unticked the "auto-generate deposit for eft" but you still had a lump sum deposit generated in your bank rec?  was this issu solve?

  • Sheila O. Profile Picture
    Sheila O. 250 on at
    RE: Bank Deposit for EFT recievables

    Auto generated deposits - that should have said.

  • Sheila O. Profile Picture
    Sheila O. 250 on at
    RE: Bank Deposit for EFT recievables

    We have the option in GP 2015 unchecked for auto generated cash receipts.  However for EFT cash receipts, when we generate the EFT file it is STILL automatically creating a bank deposit for the lump sum of the all EFT cash receipts.  Which wouldn't be so bad if it would use the SEttlement Date for deposit date in the bank reconciliation module.  Because right now it is auto generating a deposited with, say today's date, but the funds are not actually being deposited to the bank account until 3 days from now.  So this is causing a reconciling issue in the bank module.

    Sheila

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: Bank Deposit for EFT recievables

    Hello Sheila,

    This tells you how to turn off automatic posting of receipts.

    support.microsoft.com/.../3098833

    Jake

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