Applying EFT Application Records

This is the final step in processing EFT payments. The program will automatically apply the pending application for the EFT payments to the customer's open items.

Note: An EFT payment can be processed through RTM or Application Reversal, if needed, but the invoices will not be eligible again for EFT processing.

To apply EFT application records

  1. Access Automatic Cash Application Audit (AR130).
  2. Run the program to apply the EFT payments. Use the following guidelines to enter field values:
    Selected Applications Only

    If Y is selected, the program creates application records from the pending application records created by the EFT Payment Creation (AR115).

    If N is selected, the program creates application records form the pending application, then performs standard auto-application based on the parameters entered.

    Customer List

    Type or select a customer list for prepayment selection. You create customer lists on List (MX10.1) using attributes assigned to customers.

Related Reports and Inquiries

To Use
View all transactions in the Accounts Receivable application Transaction Inquiry (AR58.1)
List pending applications Payment Application Report (AR230)
View unapplied credit memos for a company Unapplied Credit Report (AR227)
List unapplied payments, unassigned payments, or prepayments Unapplied Unassigned Cash Report (AR228)
Process files loaded from an external source Transaction Interface (AR560)