Skip to main content

Notifications

Announcements

No record found.

News and Announcements icon
Dynamics 365 Community / Forums / Microsoft Dynamics GP forum / EFT Selection Process
Microsoft Dynamics GP forum
Answered

EFT Selection Process

(1) ShareShare
ReportReport
Posted on by JGarcia123 1,493
We have a customer that is in the process of implementing EFT for Accounts Payable.  As we are testing and working through our procedures we had a question regarding the selection process.  
 
When setting up the batch we can mark the batch as EFT, but it appears we can select ANY open invoices to go into that batch, regardless if the vendor is setup for EFT.  I thought that by marking the batch for EFT that would inherently limit selections to just EFT vendors.  Is there a step or procedure that I am missing?  Please advise.  Thank you.
 
JG  
Categories:
Financial Management
  • JGarcia123 Profile Picture
    JGarcia123 1,493 on at
    EFT Selection Process
    Thank you, Joe,
     
    That's what I expected.  I have other customers that use the EFT process but they also select separate and payments individually.  I hadn't had any do a selection based on EFT status.  In another engagement they could get creative with an EFT vendor class, but I don't think that would work for this customer due to other reporting/class needs.
     
    Once again, appreciate the feedback.
  • Verified answer
    Joseph Markovich Profile Picture
    Joseph Markovich 3,867 on at
    EFT Selection Process
    I've trained users to select the EFTs first and run those separately -- then they get off of the list when it is time to do checks. GP doesn't differentiate between the vendors receiving checks and the vendors receiving EFTs no matter what type of batch you select. Well, I've never seen it differentiate.
     
    Of course, then that brings up a question of how do you know which ones are EFT vendors. I've built a custom cash requirements report that lists everything to be paid or credits available based on a cutoff date. It has an indicator on how the vendor is paid (check, eft, wire transfer). Happy to send that over to you too.
     
    Have never been a fan of the build payment batch screen, so this was the alternative.
     
    Joe

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

Anton Venter – Community Spotlight

Kudos to our October Community Star of the month!

Announcing Our 2024 Season 2 Super Users!

A new season of Super Users has arrived, and we are so grateful for the daily…

Dynamics 365 Community Newsletter - September 2024

Check out the latest community news

more Community News

Leaderboard

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 290,570 Super User 2024 Season 2

#2
Martin Dráb Profile Picture

Martin Dráb 228,683 Most Valuable Professional

#3
nmaenpaa Profile Picture

nmaenpaa 101,148

Leaderboard

Featured topics

End-of-life Announcement for Microsoft Dynamics GP

Product updates

Dynamics 365 release plans