Setup of BACS Lloyds Payment Processing

In MYOB Acumatica, you can export batch payments to a Bankers' Automated Clearing System (BACS) file in the BACS Lloyds format by using a plug-in. (BACS is used in the United Kingdom.)

This functionality is available if the UK Localization feature is enabled on the Enable/Disable Features (CS100000) form.

Setup of Batch Payment Processing by Using the BACS Lloyds Plug-In

To start paying your vendors by using the BACS Lloyds plug-in, you should perform the following general steps:

  1. You sign up for the payment processing services with Lloyds. As part of the sign-up process, you receive the credentials with which your company is registered, such as the account number, bank routing number, and company identification.
  2. You set up agreements with your vendors covering receipts of payment in BACS Lloyds format, and you get information about their accounts.
  3. You set up the payment method to be used for BACS Lloyds payments. For details, see To Add a Payment Method for BACS Lloyds Plug-In.
  4. On the Vendors (AP303000) form, you specify the payment method intended for BACS Lloyds payments as the default payment method for each vendor that will accept BACS payments. By using the payment-related information that you collected from each vendor in Step 2, you fill in the settings of the payment method on the Payment tab. For details, see To Add a Payment Method for BACS Lloyds Plug-In.

Export of Batches via the BACS Lloyds Plug-In

During export of a batch of payments on the Batch Payments (AP305000) form, the system uses the BACS Lloyds plug-in if on the Settings For Use in AP tab of the Payment Methods(CA204000) form, BACS Lloyds Plug-In is selected as the Export Method.

The name of the file generated by the plug-in is created by using the following format: {PaymentMethodID}-{CashAccountCD}-{Creation Date:yyyyMMdd}-{BatchSeqNbr:0000}.csv.

For details on how to prepare payments and export them to a file, see To Prepare BACS Payments and To Export BACS Payments.