For your bill-to customers, 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:
To configure a customer for electric funds transfer:
From the Maintenance menu, select Customer to display the Customer Maintenance window
In the Customer field, enter the customer's name to display the customer record.
Select Pricing > Credit Controls to display the Credit Control Parameters dialog box.
Click the EFT tab to display the electronic funds transfer options for the customer.
In the Bank Account # column, 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.
In the Customer ABA # column, enter the customer's ABA number to identify the customer in Cash Receipts.
Use the Active column to select which account to apply all cash receipts to for this customer.
Note: If you do not select and Active account, when the system processes cash receipt electronically, it applies cash to the first match located based on normal matching rules. In a bill-to and ship-to relationship, only one customer can have Active accounts.
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