Using EFT Processing with AR

EFT Processing is integrated with Sage Intacct standard AR processing routines.

  1. You create, approve and post AR Receipts, as per the process and approval configured in your Sage Intacct implementation. .

  2. In EFT Processing, use the EFT  AR Payment Requests screen to select  AR Payments to be included in an EFT File.

  3. Generate the file on the EFT  AR Payment Requests screen.

  4. Use EFT File List to view the file and download it on your machine. You can filter by file type to select Receipt only for  AR Payments .

  5. You can then import the file into the banking software / application.

  6. When the bank confirms the upload is successful, confirm the file to finalize the Receipt process.

  7. If required, Hold the file if any transactions are rejected, update the data and refresh the file.

  8. You can use the standard Sage Intacct process to email remittance advices if required.

Note: You can create EFT Files for any posted AR Payment (status = Complete), regardless of the payment method.

For more details, view the topics below: 

Requirement! To generate and download an EFT File for AR Customer Payments, you need a Licence for Orchid EFT for AR.

Requirement! To generate and download an EFT File for AR Customer Payments, you need a Licence for Orchid EFT for AR.

Requirement! To generate and download an EFT File for Employee Expense Payments, you need a Licence for Orchid EFT for EE.