AP Vendors window: Remit To tab

AccountsPayableCS > Accounts Payable > Accounts Payable Vendor Accounts menu > AP Vendors window > AP Vendors window: Remit To tab

This tab provides an easy way for you to remit payments, even to vendors who use an outside service to collect them or when the vendor’s payment division or branch is at a different location than the main contact.

If you make payments to an alternate company, such as a collection agency, use the fields on the left side of this tab. You can set the system to automatically print the remittance name and address on checks. If you want to pay this vendor electronically, enter the Electronic Funds Transfer (EFT) information on the right side of this tab.

Remit To

Enter the name of the company to which the check should be addressed. This is the name that will print on the check if you select the Use Remit To Address on checks check box.

Line 1 / Line 2

Use these lines to enter the street address for the location to which your payment will be remitted.

City

Enter the city or town for the remittance address.

State

Enter the state for the remittance address.

Zip

Enter the ZIP Code for the remittance address.

Country

Select a country from the drop-down for the remittance address.

Use Remit To Address on checks

Select this check box if you want to print this remittance name and address on the checks you print for this vendor. Or, ensure this check box is deselected if you want to print checks for this vendor using the vendor’s name and address.

I will be paying this vendor electronically

Select this check box to use the Electronic Funds Transfer (EFT) process to pay the selected vendor electronically. This option applies whether you are using the remittance address or not.

Electronic Invoice Payment Information

Use this section to specify which EFT settings to use for this vendor if you are going to pay this vendor electronically. This section is grayed out until you select the I will be paying this vendor electronically check box.

EFT Account Code

If Accounts Payable is not integrated to Bank Reconciliation, enter the EFT Account Code that identifies your account to be used for payments to the vendor. When adding a vendor, this field will default to the EFT Account Code entered in AP Module Preferences window.

If Accounts Payable is integrated to Bank Reconciliation, this field is not displayed and the EFT account number that is set up in Bank Reconciliation will be automatically used.

EFT Bank Account #

Specify the bank account number into which the payment will be deposited at the vendor’s bank.

EFT Bank Routing #

Enter the nine-digit routing number of the vendor’s bank into which the payment will be deposited.

Account Type

Select the type of account into which you want to deposit payment for this vendor.

Checking

Select Checking if you plan to deposit payments for this vendor into an electronic checking account.

Savings

Select Savings if you plan to deposit payments for this vendor into an electronic savings account.