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EFT Debits from AP Vendors

  • 1.  EFT Debits from AP Vendors

    Posted 4 days ago
    What is the best way to handle Accounts Payable Transactions, where the Vendor is debiting our bank account each month?  It seems like all of the EFT payment processes are designed to push out the payment to the Vendors.  How do we process for EFT Debits, without ending up with a bunch of EFT Payment batches that never get generated, because we don't need to send them to the bank?

    Thank you.

    Kurt​​

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    Kurt Raddant
    Curative Connections/ProSolutions, Inc.
    Green Bay WI
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    Academy - Online Interactive Learning from Experts


  • 2.  RE: EFT Debits from AP Vendors

    GPUG ALL STAR
    Posted 4 days ago
    Hi @Kurt Raddant

    Use manual payments.

    Enter the payables as normal and on the date that they draft your account go to Payables>Transactions>Manual Payments

    Pull up the vendor, input the payment type (I recommend check and use the number from the bank draft as the check number), enter the amount, click on 'Apply' and choose the invoice(s) that it is paying.

    As an alternate, if you are not entering the payable UNTIL you see the payment come through you can enter the payment AND the transaction at the same time.

    Read how to do that here:  https://community.dynamics.com/gp/b/gplife/posts/jo-39-s-quot-did-you-know-quot-you-can-make-payments-on-the-fly-in-dynamics-gp



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    Academy - Online Interactive Learning from Experts


  • 3.  RE: EFT Debits from AP Vendors

    Posted 4 days ago
    Hello Jo:   Thank you very much for the speedy and very helpful reply.  I am just getting back into GP after a number of months in other systems.  This makes perfect sense and will eliminate some unnecessary steps and EFT batches that don't need to be created.

    Have a great day.
    Kurt​

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    Kurt Raddant
    Curative Connections/ProSolutions, Inc.
    Green Bay WI
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    Academy - Online Interactive Learning from Experts


  • 4.  RE: EFT Debits from AP Vendors

    GOLD CONTRIBUTOR
    Posted 3 days ago
    Depending on your volume, and what info you can pull from your bank on these drafts, you could import those manual payments.  You'll need a way to find the vendor id from the bank, but otherwise it should be very doable.  Just food for thought.

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    Jim Harris
    Director of Information Systems
    ExamWorks, Inc.
    Atlanta GA
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    Academy - Online Interactive Learning from Experts


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