To Prepare Canadian EFT Payments

To pay a vendor through Canadian EFT, you perform the following steps:

  1. Prepare payments for export by grouping them into a batch. You can create a batch for one EFT or for multiple EFT payments. This topic describes how you prepare EFT payments for export by using the Process Payments / Print Checks (AP505000) form.
  2. Export the batch into a file, as described in To Export Canadian EFT Payments.

Before You Proceed

Make sure that the appropriate payment documents have been created on the Checks and Payments (AP302000) but not yet released. The payment method to be used for Canadian EFT payments must be selected in the Payment Method box for these payments.

MYOB Acumatica provides the Direct Debit type for payment methods to be used for Canadian EFT payments. You should associate this payment method with each vendor that prefers EFT. In addition, the file export functionality must be set up in the system to export batches as a file. For more information, see Processing Canadian EFT Payments.

To Prepare Canadian EFT Payments for Export

  1. Open the Process Payments / Print Checks (AP505000) form.
  2. In the Payment Method box of the Selection area, select a payment method that is defined to be used for Canadian EFT payments in your system.
  3. In the Cash Account box, select the cash account to be used as the source account for payment.
  4. If needed, in the Next Check Number box, enter the number for the payment.
  5. In the table, select the unlabeled check box in the row of each payment to be included in the batch for export.
  6. On the form toolbar, click Process.

    The system goes to the Batch Payments (AP305000) form with the created batch, which has a status of On Hold or Balanced. When the batch is created, the Canadian EFT payments included in the batch are assigned the Printed status.

  7. In the Description box of the Batch Payments form, enter the description of the batch.
  8. In the Batch Seq. Number box, enter the batch number.
  9. On the form toolbar, click Save.
  10. Optional: If the batch status is On Hold, click Remove Hold on the form toolbar to give the batch the Balanced status.
  11. On the form toolbar, click Release to release the batch.
    Note: This instruction is required if the Release Batch Payment Before Export check box is selected for the payment method on the Settings for Use in AP tab of the Payment Methods (CA204000) form.

    If the Release Batch Payment Before Export check box is cleared, you need to export the batch first by clicking Export on the form toolbar, and then release the batch.