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Scheduled payments & a bank file

  • 1.  Scheduled payments & a bank file

    Posted 20 days ago

    Good afternoon GP users! 

    We are looking into using the Receivable Scheduled Payments and are wondering if those who use it could assist us with a step.  Once you have the scheduled payments entered how are or what are you using to get a file to the bank? 

    Our billing process usually is to create/post the sales batch, create/post cash receipt batch and use our add-on to generate an EFT (NACHA) file to upload to Wells.  However, in this situation, we will have one invoice (full amount of service) per vendor and need to ACH and post the payment each month. If your company has a similar process how are you working through this process? The thought of uploading a CSV file each month has come up, but that is manual and we could experience human/technical errors. Hoping there is an efficient way to use the system for this new avenue we are embarking on.


    Thank you in advance for any and all!
    TK

    Academy - Online Interactive Learning from Experts


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