This unit offers a detailed, step-by-step guide on generating Vendor Payment (VP) ABA Electronic Funds Transfer (EFT) files within SapphireOne. By following this process, your organisation can ensure that vendor payments are handled both efficiently and accurately.
Before you begin, please confirm the following prerequisites:
- The vendor’s preferred payment method is set to ‘Electronic Funds Transfer (E.F.T)’.
- All necessary bank details for the vendor are accurately completed.
- The feature is compatible with the AU ABA file format.
- Navigate to Accounts > Payables > Transactions.
- Double Click to modify the specific Vendor Payment (VP) transaction you wish to process.
- Under the Print toolbar menu, select ‘Generate EFT File’. A new window will appear, prompting you to fill in the required information.
- Select ‘Payment’.
- Select OK.
- Select the bank account from which the payment will be made.
- Enter the date on which the payment should be processed.
- Select Reprint to email remittance.
- Select the current payment you wish to process ABA to by marking it under Print.
- Select Continue at the bottom right corner.
- Review all entered information to ensure accuracy.
- Click OK to generate the ABA file.
- Choose a save destination for your ABA file.
For more detailed information, refer to the Accounts > Payables > Vendor Payment article.