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app:eft_how_to

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app:eft_how_to [2019/07/29 02:08]
dtucker 		app:eft_how_to [2019/07/29 02:18] (current)
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 ====== Using Electronic Funds Transfer ====== ====== Using Electronic Funds Transfer ======
  
-===== How To Generate an EFT Prenote =====+===== How To Generate an EFT Pre-note =====
  
 +Many US Banks require the pre-note verification process before an EFT transaction can be entered for a Business Partner. When the pre-note is generated an EFT file is created with $0 transactions for each Business Partner listed. If the bank finds that the file is not formatted correctly, has incorrect account or routing numbers or for some other reason does not work on their system, the bank will inform the sender so corrections can be made.
  
 +Occasionally pre-notes will need to be re-run for all Business Partners for a selected bank. The Recreate Pre-notes process is available on the same form.
  
-Many US Banks require the pre note verification [[#page807|process before an EFT transaction]] can be entered for a Business Partner. When the [[#page807|pre note is generated an EFT file is]] created with $0 transactions for each Business [[#page807|Partner listed. If the bank finds that]] the file is not formatted correctly, has incorrect [[#page807|account or routing numbers or for]] some other reason does not work on their system, [[#page807|the bank will inform the sender]] so corrections can be made.+Since the Canadian Payments Association (CPA) standard for EFT do not allow for $0 dollar transmissions, Canadian pre-note files cannot be transmitted.
  
-Occasionally pre notes will need to be re-run for [[#page807|all Business Partners for a selected]] bank. The Recreate Pre notes process is available [[#page807|on the same form.]] +  * Click the SAP menu option titled <color #22b14c>**TWBS EFT Prenote**</color> under the <color #22b14c>**Banking**</color> menu to load the **TWBS EFT Prenote** screen.
- +
-Since the Canadian Payments Association (CPA) [[#page807|standard for EFT do not allow for]] $0 dollar transmissions, Canadian pre note files [[#page807|cannot be transmitted.]] +
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- +
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-Click the SAP menu option titled **TWBS EFT [[#page807|Prenote under the]] Banking** menu to load the TWBS EFT Prenote [[#page807|screen.]]+
  
 {{:app/image851.jpeg?399x275}} {{:app/image851.jpeg?399x275}}
  
-Select the **Country** for EFT pre note generation. +  * Select the <color #00a2e8>**Country**</color> for EFT pre-note generation. 
- +  * Select the <color #00a2e8>**Bank**</color> for EFT pre-note generation. 
- +  * Select the <color #00a2e8>**Account**</color> for EFT pre-note generation.
- +
-Select the **Bank** for EFT pre note generation. +
- +
- +
- +
-Select the **Account** for EFT pre note generation. +
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- +
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-**Note –** The Country, Bank, and Account selected [[#page807|for pre]] note generation should already have been [[#page807|configured. For]] more information on this process, refer to the [[#page807|How To]] +
- +
-{{:app/image853.jpeg?571x86}} +
- +
-Configure an SAP® Business One Bank Account page of the user guide. +
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-{{:app/image854.jpeg?571x57}} +
- +
-Click the **Create Prenote** button. +
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-**Note –** A system message will give you the name and file path of the generated EFT pre note file. The file can be sent to your banking institution for review.+
  
-{{:app/image822.jpeg?575x148}}+<WRAP center round info 90%> 
 +The <color #00a2e8>**Country**</color>, <color #00a2e8>**Bank**</color>, and <color #00a2e8>**Account**</color> selected for pre-note generation should already have been configured. For more information on this process, refer to the **How To Configure an SAP® Business One Bank Account** section of the user guide. 
 +</WRAP>
  
 +  * Click the <color #22b14c>**Create Prenote**</color> button.
  
 +<WRAP center round info 90%>
 +A system message will give you the name and file path of the generated EFT pre note file. The file can be sent to your banking institution for review.
 +</WRAP>
  
 +{{:app/image44.jpeg?786}}
 ===== How To Designate an Invoice for EFT Processing =====  ===== How To Designate an Invoice for EFT Processing ===== 
  
app/eft_how_to.1564380487.txt.gz · Last modified: 2019/07/29 02:08 by dtucker

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