Recording EFT Transactions
Before you can process an EFT transaction, make sure you have:
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Entered Your bank account / EFT Details in Cashbook. Click on the link: Setup Your Bank Account Details for EFT Processing.
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Entered bank account / EFT Details for each supplier in Cashbook. Click on the link: Setup Supplier Account Details for EFT Processing.
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Entered bank account / EFT Details for each employee in Cashbook (if applicable). Click on the link: Setup Employee Bank Account Details for EFT Processing.
Step 1. To add an EFT transaction to Cashbook
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Click on the Cashbook toolbar icon.
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Select the required bank account from the Selected Bank drop down menu.
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Click on the Add button.
Click
Yes
to the Confirm message:
'Do you want to enter transactions for "your bank account", in company file "your company name"?
Step 2. Enter Payment Transaction as usual
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Enter payment transaction as usual (i.e. Date, Reference, Paid To, amount, etc).
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In order for these to form part of the electronic payment file, you also have to:
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Tick the EFT File check box
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Enter a Payee Reference (this is usually your account number with the supplier, and / or an invoice number).
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Note:
A payee is a person or business entity receiving a payment. A Payee Reference is sent to the recipient (the payee) to assist them in identifying your payment to them.
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Click OK
to save.
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This transaction is now available for EFT Processing.
CSC Article ID 809