Using EFT: Overview and Tips

When you have configured EFT File formats, EFT Processing Banks, AP Vendors, AR Customers and / or Employees, you can select approved and completed payments to generate an EFT File.

Using EFT Processing with AP

Using EFT Processing with Employee Expenses

Using EFT Processing with AR

You can then download the EFT File and upload it to the bank's application. If using SFTP, youc an upload it directly to the bank's SFTP site.

The process is described in the flowchart below:

For more details, view the topics below: