Setup EFT Banks
How to Setup EFT Banks
Before you start, add the EFT Formats: EFT Formats
To start using EFT Processing, you need to configure the banks in EFT Banks for the applicable EFT Formats.
For details on setting up EFT Banks, refer to the topics below:
Requirement! To upload a file directly to SFTP, users require a subscription to the SFTP module, in addition to the subscription to EFT Processing for AP, AR or employee expenses.
Next Steps
You can then configure the vendors/ customers and /or employees Bank records in Orchid EFT.
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To create EFT Files for AP Payments, you need to configure the Orchid EFT Tab for AP Vendors that you want to pay with EFT.
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To use Orchid EFT to process Employee Expense Reimbursement Payments, you need to configure the Orchid EFT Tab for Employees.
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To use Orchid EFT to process AR Receipts for Customer Direct Debits, you need to configure the Orchid EFT Tab for AR Customers and configure EFT banks for AR Receipts.
