AccountsPayableGuide > Accounts Payable > Entering Bills in Accounts Payable > Entering Bills > Immediate Payment Processing > Generating the EFT Output File
Generating the EFT Output File
When you generate electronic payments, the data is exported to a text file. You need to use your EFT software to send the text file to the bank. Generate the EFT output file by using the Electronic Funds Transfer option on the Bill Tasks menu or the Payment Tasks menu. See Setting Up Your Electronic Funds Transfer Option for information on setting up this feature.
To generate the text file used by your EFT software:
1 In Accounts Payable, select either Bill Tasks > Generate File for Electronic Transfer or Payment Tasks > Generate File for Electronic Transfer. The AP Generate Electronic Funds Transfer File window will open.
2 If you use batch processing, select the batch you want to use (see Working with Transaction Batches in Accounts Payable).
3 Enter the directory into which you want to save the EFT text file and select Process to process the file.
When the process is complete, a message window displays the number of transactions processed in the batch. If there are any problems with the data when you try to export the payments, you will get an error report.
4 Import the text file into your EFT software.
Refer to the documentation provided with your EFT software to send the text file you created to the bank for processing.
NOTE: To view the error report, go to your EFT program once the text file has been created and click on Utilities > Import > Comma Delimited All Data Fields > All Data Fields – no Transaction Description. Click the Import button and select the text file you created. If you see anything listed under Error Records, look at the log and it will tell you what was wrong with the record.
Published date: 12/03/2021