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  • 1.  EFT for Payables - Testing

    SILVER CONTRIBUTOR
    Posted Jul 11, 2022 11:46 AM

    My company is in the middle of setting up EFT's for payables.   Other than a pre-note, does anyone send "test" ACH's to vendors?  (ie - send a partial payment for $1 and have vendor confirm receipt)

    Thanks in advance for your feedback! 



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    Scott Shankel
    Controller
    Woodings Industrial Corp.
    Mars PA
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  • 2.  RE: EFT for Payables - Testing

    GPUG ALL STAR
    Posted Jul 11, 2022 02:52 PM
    Hi Scott,
    Not sure if it is a common practice, but I've seen it quite often that once the EFT for a new vendor is setup, a 'dummy' transaction of 0.10$ is sent over to test if the ACH paiment goes thru.. usually vendors will reply within 48hrs they have received it.

    ------------------------------
    Beat Bucher
    Business Analyst, Dynamics GP SME
    Montreal QC/Canada
    @GP_Beat http://www.gp-geek.com
    Montreal QC GPUG Chapter Leader
    MBS MVP (2015-2018)
    All-Star 2013
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