Difference between revisions of "25 EFT to ABA Setup"
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| − | EFT | + | '''Have you defined your EFT details on your bank account in your chart of accounts?''' |
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| + | The '''EFT''' 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. EFT (Electronic Funds Transfer) is an efficient means of processing single or multiple payments via a direct bank transfer. | ||
Latest revision as of 11:53, 18 December 2014
EFT to ABA Setup
Have you defined your EFT details on your bank account in your chart of accounts?
The EFT 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. EFT (Electronic Funds Transfer) is an efficient means of processing single or multiple payments via a direct bank transfer.
