This is where you set up the EFT file format according to the specifications of the bank you use. You will need to get this information from the bank, which will tell you what features you need. Typically, you can use one of the default ones in GP, but you can create a customized o...
How to set up EFT payments Whether you need to send or receive payments, it’s more convenient than ever to transfer funds electronically. Electronic payments offer a speedy and secure alternative to old-fashioned forms of payment like cash and checks. In this guide, we’ll cover the EFT pa...
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How do ACH payments work?Benefits of using the ACH networkLimitations of the ACH networkHow to set up ACH payments for your businessACH payments for recurring billsACH payments vs wire transfers vs EFT paymentsAre ACH payments right for your business?ACH rejection codes and reasonsACH payment ...
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The process of accepting B2B payments Once you have chosen your provider and set up your system, you’re ready to start accepting payments. Here’s a closer look at how that works: Invoicing The first step in getting paid is an accurate,detailed invoice. Where possible, automate your system...
In the Generate EFT File window, all payments set up for EFT that you have exported from the payment journal for a specified bank account but not yet generated are listed on the Lines FastTab. Choose the Generate EFT File action to export one file for all the EFT payments. In the Save...
Internal Electronic Funds Transfer(EFT):used to move money from one account in your name, to another account in your name, within the same bank — from a checking to a savings account for example. External Electronic Funds Transfer (EFT):used to send payments to a bank account held in som...
EFT payments are initiated in seconds, although it takes banks up to 72 hours to fully settle and process the transaction. ACH payments often occur in 2 days or less. The total time to process largely depends on the timing of the transfer, as there are daily settlement cutoffs for processi...
Set up number series and trail codes in Dynamics 365 Business Central - Training Do you need to set up number series for documents, journals, and other records? This module explains how to set up number series and how to number documents, journals, and master data. ...