EFT & BOE options for defining a customer group address

If you are using Electronic Funds Transfer (EFT) or Bills of Exchange (BOE) at the customer group or company level, you must define bank information needed for BOE and EFT processing. See Processing Electronic Funds Transfer and Processing bills of exchange.

  1. Click Bank to open Banks (AR09.2).
  2. Define the BOE or EFT bank account for the customer. Use these guidelines to specify the field values:
    Type

    (Required) Select whether the bank defined will be used for BOE or EFT processing.

    Bank

    (Required) Specify the bank identification for the customer's bank. This must be a valid bank as defined on Bank (CB00.1).

    Account

    (Required) Specify the bank-assigned number of the customer's bank account.

    Default

    Indicate whether this is the default bank for the customer. This is used in the BOE application. Only one bank and account can be designated as the default bank information for the customer.

  3. If you have selected the type as EFT, then click the EFT link to open EFT (AR09.6).
  4. Define parameter defaults for your EFT transactions. Use these guidelines to specify the field values:
    Start Date and End Date

    (Required) Specify the start date and end date for EFT selection.

    Date ranges cannot overlap for the same bank account type.

    Prenote Status

    Select the status of the prenote for this bank record: Not prenoted, Printed, or EFT Record Sent.

    Note: If a bank requires a prenote, then you must process one complete EFT cycle through the system to create an initialization file to transmit to the bank. No transactions will actually be processed for this bank's customer until the initialization cycle is completed.
    Funds Transfer Type

    Select the type of bank account.

    • Debit and credit account

    • Credit account

    • Debit account