AR Customers window: EFT Info tab

AccountsReceivableCS > Accounts Receivable > Customer Accounts menu > AR Customers window > AR Customers window: EFT Info tab

You can use this tab to set up EFT information for customer accounts so you can process electronic payments. When you enter payment transactions in the system, the Electronic Payment check box is checked by default in the AR Enter Payments/Adjustments window and the system will be able to access this information when you process payments.

I will be processing electronic payments from this customer

Select this check box if you want to receive electronic payments from this customer. Selecting this check box does not prohibit you from entering other payment methods when you enter a payment transaction. However, you can only receive electronic payments from customers if this check box is selected and bank information is defined for this customer.

EFT Account Code

This field is only available if Accounts Receivable is not integrated to Bank Reconciliation and the I will be processing electronic payments from this customer check box is selected.

When you enter a new customer, this field defaults to the EFT Code you defined in the AR Electronic Funds Transfer Settings window. You can leave the default EFT Account Code in this field or enter a different Code.

Bank Account Description

Enter a description for the customer's bank account to use for EFT payments. For example, Cougar Mountain States Bank.

EFT Bank Account #

Specify the bank account number from which the payment will be withdrawn at the customer's bank.

EFT Bank Routing #

Enter the nine-digit routing number of the customer’s bank from which the payment will be withdrawn.

Account Type

Select the type of bank account from which the payment will be withdrawn, either checking or savings.