AP Vendors can arrange for ACH payment of invoices. Automatic Clearing House is a nationwide electronic funds transfer network which enables participating financial institutions to distribute electronic credit and debit entries to bank accounts. Contact Software Support at EFC Systems for assistance with ACH.
Select the Pay by ACH checkbox for AP invoices to be paid directly to the AP Vendors bank account.
Authorization date displays the date ACH was confirmed as a payment method. Enter the date using the mm/dd/yy date format or select from the drop down calendar. This field is included in the ACH file.
Enter the Bank RTN, the Bank Routing Number of the Vendor's bank. This field is included in the ACH file.
Provide the Bank Account number to receive payments. This field is included in the ACH file.
Use the drop down list to choose the Account Type of Personal (PPD) or Corporate (CCD). This field is included in the ACH file.
Click the Savings Account checkbox if this is a Savings Account. This field is included in the ACH file.
Enter the Notification Email address to receive the Pending ACH notification email of the ACH payment and is utilized by the SRV task.