Accounts Receivable EFT Processing Customer Bank Payment - Unapplied Cash

Customer Bank Payment - Unapplied Cash

An automatic payment may be set up that will be applied to the unapplied cash for any customer where there is a Customer Bank on file.  A User may apply the unapplied cash to invoices at a later time.

1.  Open the Customer Explorer record for which for which an automatic payment will be set up.

2.  From the Customer Tree, highlight the menu option Payment Options.  Right-click and select the Enter New EFT Transaction option.

3.  Enter the EFT Payment Information - The New EFT Entry form will be displayed.  In the Bank field, select the Bank Account to be used for this transaction from the drop-down list.  Select the Unapplied Cash button.  In the Description field you may enter up to 50 characters of text.  This information will appear on the customer’s bank statement.  In the Amount field, enter the amount for the automatic payment.  In the Hold Date field, enter the date you want to be able to submit this transaction for funding.  The Check Number field is used if your customer is paying with a check number; if the customer does not provide a check number, leave this field blank.

4.  Save the EFT Payment Information - Once all information is entered, press the Save button located at the lower right of this form.  This transaction will now appear in the list of transactions to submit for processing in the EFT Processing List.

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