Accounts Receivable EFT Processing Processing Automatic Payments
Processing Automatic Payments (continued)
5. Posting the Funded Batch - The batch which was downloaded will be displayed in the grid of the EFT Processing form. The Funded and Response Code columns will be filled in for each transaction in the batch. Press the Post button located at the bottom of the form. A message will be displayed asking the User to confirm whether they are ready to Post the payments to the customer accounts. Press the Yes button to accept.
6. Deposit the EFT Payment Batch - When the payments have finished posting to the customer accounts, a cash batch is automatically created by the application and will be displayed in the Accounts Receivable Payment Processing Batches list. The User may deposit the payment batch into a bank account now or make the deposit after confirming the cash has been deposited into the company bank account from ACH Direct. To make the deposit now, continue on. The ACH Post Funded Transactions form will be displayed. Enter the date the deposit will post to the bank account in the Posting Date field. The posting date entered must be in an open accounting period. Press the Save button located at the bottom of this form.
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