Setting up a Supplier for EFT

If a supplier is to be paid by EFT, the appropriate information must be entered on the EFT Payments Information view of the supplier account.

The EFT Payments Information view includes the supplier's EFT Status, Bank Id, Bank Transit, Bank Account and Transaction Code settings for EFT payments in Canada.

To enter EFT payment information for a supplier:

1. In the Database Explorer, activate (click on) Suppliers.

   Suppliers can be found by expanding the following folders: NewViews/Account/Accounts Payable

2. Click the Accounts tab and choose the EFT Payments Information view.

   

   

3. Position on the supplier to be paid by EFT and fill in the information as described below:

   Supplier EFT Payments Information
   EFT Status	When the EFT Payments Status is set to active, EFT transactions are created in the EFT file. The printing of cheques is disabled, and the printing of EFT Payments Advisories is enabled.
   Bank ID	The 3 or 4 digit ID number of the supplier's bank.
   Bank Transit	The 5-digit transit number of the supplier's bank.
   Bank Account	The 7 to 12 digit number of the supplier's bank account.
   Transaction Code	This field is left blank.