Set Up Your Banks for ACH Electronic Payments

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Set Up ACH Electronic Payments

Set Up ACH Electronic Payments in Accounts Payable Options

Set Up Your Banks for ACH Electronic Payments

Set Up Your Vendor's Banks for ACH Electronic Payments

                   

Expand/Collapse item  Overview

Use this procedure to set up your bank account information so that you can send ACH electronic payments from your banks to vendors' banks.

Expand/Collapse item  Before You Begin

Obtain your banks' requirements for how ACH files must be structured. Many banks accept the default selections in ACH Maintenance, but some require you to manually modify the settings.

 

To set up your banks for processing ACH electronic payments

  1. Select Accounts Payable Setup Menu > ACH Maintenance.

  2. Select the bank code to set up. For more information, see ACH Maintenance - Fields. You can also click the ACH Interface List button to list existing records.

  3. On the Main tab, enter the information about your bank account. Select the Pre-Note Approved check box only after the bank has approved your pre-note submission.

  4. Click the Records and Additional tabs to select options that determine how the ACH file is structured.

Note After selecting a bank code, you can click Copy From and select an existing ACH Maintenance record to copy information for the currently selected bank code. For more information, see Copy From - Fields.

  1. Click Accept.

  2. Repeat the above steps for additional banks as needed.

Note Click the Print button to print a detailed listing of all ACH Maintenance settings.

Your banks are now set up for processing ACH electronic payments.