Recording EFT Transactions

Before you can process an EFT transaction, make sure you have:

• Entered Your bank account/EFT Details in Cashbook. Click on the link: Setup Your Bank Account Details for EFT Processing
  
• Entered bank account/EFT Details for each supplier in Cashbook. Click on the link: Setup Supplier Account Details for EFT Processing
  
• Entered bank account/EFT Details for each employee in Cashbook (if applicable). Click on the link: Setup Employee Bank Account Details for EFT Processing
  

To Add an EFT Transaction to Cashbook

Step 1: Select Bank

• Click on the Cashbook toolbar icon
  
• Select the required bank account from the Selected Bank drop down menu
  
• Click Add
  

Step 2: Enter Payment Transaction

• Click Yes to the Confirm message: 'Do you want to enter transactions for "your bank account", in company file "your company name"?
• Enter payment transaction as usual. i.e. Date, Reference, Paid To, amount, etc
  
• In order for these to form part of the electronic payment file, you also have to:
• • Tick the EFT File check box
    
  • Enter a Payee Reference. This is usually your account number with the supplier, and/or an invoice number
    
  • 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

• This transaction is now available for EFT Processing