Applying EFT application records

This procedure is the final step in processing EFT payments. The pending cash application records that are created by EFT Payment Creation are applied in Automatic Cash Application. Automatic Cash Application processes the selected applications. To limit the work to be performed to only selected applications, check the Selected Applications Only parameter. To process EFT-created selected applications only, select the EFT Origin parameter. Neither of these parameters must be specified for EFT-created selected applications to be processed; they are only specified to limit the type of cash applications that are produced.
  1. Select Applications > Automatic Applications > Automatic Cash Application.
  2. In the Selections section, specify this information:
    Company
    Select a company number.
    Selected Applications Only
    If you select this check box, then only the selected status records are processed:
    • Records from transactions that were processed in the EFT Payment Creation action
    • Records from transactions that were from online applications that have not been processed

    If this field is not selected, then in addition to processing selected status records, eligible payments are used to create application records.

    EFT Origin
    To process EFT-created selected applications only, select EFT Origin. The Selected Applications Only parameter must also be selected.
  3. Select other Automatic Cash Application parameters as needed.
  4. Click OK.