Accounts Receivable                     EFT Processing                               Customer Bank Setup

Customer Bank Setup (continued)

Name on Account – Type in the name of the account holder.

Account Number – Type in the bank account number.

Checking or Savings – Select the button that applies to this bank account.

Payment Method – Select EFT from the drop-down list.

Auto Processing - The Recurring and Non-Recurring flags may both be selected, or just one of the flags depending on the arrangement you have with your customer.

·Recurring – if this option is selected, this customer’s cycle invoices will automatically be paid with the customer bank being set up.  If the Recurring option is left un-selected, the customer bank will be kept on file for use when the customer wants to pay single invoices.

·Non-Recurring - if this option is selected, another field directly below will open to enter a maximum allowable dollar amount.  This option is used in EFT processing when you customer has agreed to allow your company to pay one or more non-recurring type invoices up to a certain amount.

When to Process - Two options are available; using either a day of the month or a number of days after the date of the invoice.  If a value is entered in the Days Past Inv Date field, the EFT Processing will use this option for processing the customer bank transactions for cycle invoices. 

·Hold Day – Make a selection from the drop-down list which determines which day of the month an automatic payment may be processed.

·Days Past Inv Date - If using this option, enter the number of days after the Invoice posting date that you will be able to process the payment.

Print Cycle Invoices – if the Auto Processing Recurring option was selected, the Print Cycle Invoices option will be displayed.  If the customer wants a printed copy of the cycle invoice that was paid by automatic payment, select this option.  If the customer does not want a printed copy of the cycle invoice, do not select this option.

Auto Bill To Recurring – From the drop-down list, select which Bill To address the customer bank will be linked.  If the customer has only one Billing Address, the software will automatically link to that Bill To record.

Once all information is entered, click the Apply button located at the lower left of the form.

FRM 4022-2

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