Electronic Payment Options works and it communicates with all the banks. Yes, you would spend a lot of time reaching out to your vendors to collect bank information but if you want to give it a try, here are the steps:

1. In AP, Vendor setup, under Terms and Defaults tab, payment type should be "electronic". Then under "electronic pay settings" tab, complete Bank Routing, Acct#, account type information.

2. Then, call your bank to get the following information you should enter in this step: Immediate Origin: xxxxxxxxxx and Company ID xxxxxxxxxx

In AP, Generate Electonic Payments, go to Options tab and complete as follows:

Origin ID Type: Bank Assigned

File ID Modifier type: Alpha

Source: Origin Name: your account name

Immediate Origin: this is what your bank has to provide

Company ID: this is what your bank has to provide

Destination:

Name: complete the bank name of your customer

Routing#: customer bank routing#

3. When you enter an invoice in AP deemed for electronic payment, under distribution click on "add a column" tab and add "payment type" so you can choose "electronic"

4. When your electronic payment is generated, turn on your detail tab so you can see all the detail

I hope this helps, Good Luck!

Is there a way to save this in the Vendor set up so it doesn't have to be entered each time?

Dora A said:

Destination:

Name: complete the bank name of your customer

Routing#: customer bank routing#

Do you have the information populated on the vendor Electronic payment settings tab?

Do you have the information populated on the vendor Electronic payment settings tab?