10. Bank and EFT Details
From TrueERP wiki
EFT Details
EFT Details - Do you know where to set the EFT or electronic banking details for a bank account?
While creating an Account when you select the Account Type as Check and Saving the banking details field is activated.
The EFT (Electronic Fund Transfer) function enables your Company to process funds ready for electronic transfer. This function will create an ABA file ready to be processed by your bank. You must register with your bank which will issue you with an APCA number to enable you to access the EFT system. Electronic Funds Transfer (EFT) is an efficient means of processing single or multiple payments via a direct bank transfer.
Under these Bank Details fill out.
1. Bank Account Name
2. BSB Number (Bank/Branch Number or Swift Code)
3. Account Number
4. APCA Number (supplied by your Bank)
5. Bank Code
Click EFT Options and make sure which options fits with your banking software.
