Setup EFT Vendor with multiple bank accounts
If a vendor only has one bank account, you should leave the Vendor Remit-to code blank in EFT Vendors. If there is only one EFT record for the vendor, EFT Processing will use the record whether the A/P Payment entry is linked to a Vendor Remit-to Location or not.
Some vendors may have different bank accounts that they want you to use for different transactions. You should then use Remit-to Codes in EFT Vendor setup and when entering the A/P Transaction.
Step 1: Setup an AP Remit-To Location in A/P Vendors
Step 2: In EFT Processing, setup EFT Vendors: One record with blank Remit-To Code and one with the Remit-To Code with different bank details as required.
Step 3: Select the correct Remit-To location when creating the AP Payment. EFT can then use the correct details.
If you have different bank accounts / file types you use to pay from
The example above assumes you will use the same EFT Bank and File format to pay the vendors into the different bank accounts.
When you need to pay the vendor to different bank accounts depending on which of your banks you are paying the vendor from, then you can use both Remit-to and File Type.
