This release provides the ability in New Zealand to create an EFT Bank File for Bank of New Zealand and ANZ. EFT payments to Creditors can be entered and collated in a Bank File which can be uploaded to your Bank to facilitate payments to multiple Creditors in a single action.
This options are available in Banking > Creditor EFT Bank File Payment
To prepare a Bank File ensure the EFT Bank File Format has been selected in Administration > Company Details Menu > Bank Account Details
Creditor EFT Bank File Payment
The screen works similarly to the existing Creditor Payments screen. Outstanding invoices balances are listed for the selected Creditor.
Ensure the Creditor has a BSB No and Account Number stored in the Creditor Bank Details in the Creditor Tab of the Administration > Customer Masterfile
Prepare Bank File Download
This option will collate all the EFT Payments that have been prepared for the selected bank account. Assign an EFT Payment Reference and provide an email address to receive the Bank File. The user’s email address will automatically populate this field.
The file in the email can then be securely uploaded to the Bank to action the payments.
Post Creditor EFT Bank File
This option will post all EFT Bank File Payments that are ‘OK to Post’. Any EFT Bank File Payments set to OK to Post will also be posted in the overnight Post process.