16 EFT to ABA Setup
From TrueERP wiki
EFT (Electronic Funds Transfer) to ABA Setup
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.
Refer Customer payment Refer Supplier Payment <LinkId=474>
Have you defined your EFT details on your bank account in your chart accounts?
Once you have selected all the payments you are making in this EFT run, select the Export button.
Windows Save As screen will load for you to name and save the file to a designated folder, ready for importation into your On-Line Banking program. Name the file into the required folder and select Save.
The file is now available for you to import into your On-Line Banking as per the standard import procedure for your particular Banking software.
If you receive any errors upon importing the file, you should first check that the data you have entered into your Bank Account in ERP is correct, as per the exact Bank Account details given to you by your Bank. If the problem persists you should refer to your Banking software helpline for assistance, as it is usually a case of an incorrect APCA number or some other account detail is not quite correct. Your Bank should identify any inconsistencies quickly.
