RE: EFT in accounts payable history

I think a local tavern does the same thing.  Write them a check and they 
do something with it and hand you the check back.  Not so sure that it 
clears the bank under that check # though.  Confused me to no end, use my 
debit card there now.

Rob Berendt
-- 
Group Dekko Services, LLC
Dept 01.073
PO Box 2000
Dock 108
6928N 400E
Kendallville, IN 46755
http://www.dekko.com





"Jeff Crosby" <jlcrosby@xxxxxxxxxxxxxxxx> 
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03/10/2004 10:15 AM
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RE: EFT in accounts payable history






> What are you sending the bank? Do you get a return code from 
> them? I have a client who does something similar. The way 
> their software package works is that the bank code can be 
> derived in a number of different ways, including having a 
> specific bank identified in the vendor master record. 
> When the vendors who are getting EFT transactions get paid, 
> the system simply treats the EFT transaction as a check 
> number. When the bank processes the transaction, they send 
> back a confirmation number tied to that "check number". In 
> effect, instant check reconciliation.

I don't know yet.

-- 
Jeff Crosby
Dilgard Frozen Foods, Inc.
P.O. Box 13369
Ft. Wayne, IN 46868-3369
260-422-7531

The opinions expressed are my own and not necessarily the opinion of my
company.  Unless I say so.



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