RE: EFT in accounts payable history

["Jeff Crosby" <jlcrosby@xxxxxxxxxxxxxxxx>]

> What are you sending the bank? Do you get a return code from 
> them? I have a client who does something similar. The way 
> their software package works is that the bank code can be 
> derived in a number of different ways, including having a 
> specific bank identified in the vendor master record. 
> When the vendors who are getting EFT transactions get paid, 
> the system simply treats the EFT transaction as a check 
> number. When the bank processes the transaction, they send 
> back a confirmation number tied to that "check number". In 
> effect, instant check reconciliation.

I don't know yet.

-- 
Jeff Crosby
Dilgard Frozen Foods, Inc.
P.O. Box 13369
Ft. Wayne, IN 46868-3369
260-422-7531

The opinions expressed are my own and not necessarily the opinion of my
company.  Unless I say so.