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.

Paul Nelson
Arbor Solutions, Inc.
708-670-6978  Cell

"Jeff Crosby" <jlcrosby@xxxxxxxxxxxxxxxx>
Sent by: midrange-l-bounces@xxxxxxxxxxxx
03/10/2004 06:46 AM
Please respond to Midrange Systems Technical Discussion

        To:     "'Midrange Systems Technical Discussion'" 
        Subject:        EFT in accounts payable history

We will be starting to pay a couple of bills each month via EFT instead of
writing an actual check.  The CEO wants these transactions to show up in 
history even though we didn't actually write a check, which makes perfect
sense to me.  Over time, I assume we will have more and more of these so 
like to set it up right.

The simplest would be to add a code to the record indicating it was an EFT
transfer.  Do the rest of you carry some kind of EFT transaction number 
history also?  The bank account of the vendor into which it was 

Thanks for any insight.

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

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

This is the Midrange Systems Technical Discussion (MIDRANGE-L) mailing 
To post a message email: MIDRANGE-L@xxxxxxxxxxxx
To subscribe, unsubscribe, or change list options,
visit: http://lists.midrange.com/mailman/listinfo/midrange-l
or email: MIDRANGE-L-request@xxxxxxxxxxxx
Before posting, please take a moment to review the archives
at http://archive.midrange.com/midrange-l.

As an Amazon Associate we earn from qualifying purchases.

This thread ...


Follow On AppleNews
Return to Archive home page | Return to MIDRANGE.COM home page

This mailing list archive is Copyright 1997-2022 by midrange.com and David Gibbs as a compilation work. Use of the archive is restricted to research of a business or technical nature. Any other uses are prohibited. Full details are available on our policy page. If you have questions about this, please contact [javascript protected email address].

Operating expenses for this site are earned using the Amazon Associate program and Google Adsense.