Configuring Customers for Electronic Funds Transfers

You can set up the system to receive payment directly from a customer's bank account. The system draws funds from multiple customer accounts, creates cash receipts, and posts them in the Cash Receipts program.

Before setting up a customer's EFT (electronic funds transfer) account information, set up the following control maintenance records:

• Auto C/R Default Customer If Not Found

• Cash Over/Short Maximum Parameters

• Valid Cash Sources

To configure a customer for electric funds transfer:

1. From the Files menu, select Customer to display the Customer Maintenance screen.

2. In the Customer/New field, enter the customer ID to display the customer record.

3. Use the Credit hot key to display the Credit Control Parameters screen.

4. Use the EFT hot key to display the Electronic Funds Transfer Information screen.

5. In the Bank Account # field, enter the customer's bank account number from which to draw funds.

Note: The combination of the numbers entered in the EFT and Bank Account # fields must be unique for each customer. For example, all of your customers could have the same EFT number, but each would need their own bank account number.

6. In the Customer ABA # field, enter the customer's ABA number to identify the customer in the Cash Receipts program.

7. Press Esc to save the information and return to the Credit Control Parameters screen.

See also:

Cash Receipts

Defining Payment Terms and Credit Card Parameters