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general:vendoreftprocess_eft

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general:vendoreftprocess_eft [2023/10/27 20:55] – created emorenogeneral:vendoreftprocess_eft [2024/12/18 13:42] (current) – emoreno
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 [[finance:tables:bankcodes:eft|Finance > Tables > Bank Codes > EFT]] [[finance:tables:bankcodes:eft|Finance > Tables > Bank Codes > EFT]]
  
-Create the record for a vendor's EFT payments to their bank. This function is accomplished by creating an EFT file during a payment run. This file is then given to the local education agency's (LEA) bank to be transmitted to an automatic clearinghouse.+Create the LEA's EFT record to be used when sending vendor EFT payments to their bank. This function is accomplished by creating an EFT file during a payment run. This file is then given to the local education agency's (LEA) bank to be transmitted to an automatic clearinghouse.
  
 Enter the EFT data for the LEA's EFT bank account to be used for Finance checks. Reference the [[payroll:tables:bankcodes:eft|Payroll > Tables > Bank Codes > EFT]] tab if using the same EFT bank. Enter the EFT data for the LEA's EFT bank account to be used for Finance checks. Reference the [[payroll:tables:bankcodes:eft|Payroll > Tables > Bank Codes > EFT]] tab if using the same EFT bank.
  
 {{:general:finance_eft_eft_tab.jpg|Finance EFT Tab}} {{:general:finance_eft_eft_tab.jpg|Finance EFT Tab}}
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 +^ Field                                        ^ Description   ^  /*Table with two rows*/
 +^Immediate Destination|{{page>general:immediatedestination}}|
 +^Company ID Type 5|Type the 10-digit code used to identify the LEA. This is either the employer identification number with a 0 added on the end of the number or a leading 1, depending on the vendor's bank.|
 +^Originating DFI ID Code|Type the eight-digit code used to identify the originating DFI. This is the LEA's bank routing number without the last digit.|
 +^Company ID Type 8|Type the 10-digit code used to identify the LEA. This is either the employer identification number with a 0 added on the end of the number or a leading 1, depending on the vendor's bank.|
 +^Employer Offset Account|Type the offset account number used to debit the LEA's bank account. This number is the LEA's payroll bank account number and will be included in the EFT file. Leave blank to exclude debits from the EFT file.|
 +^Immediate Origin|Type the 10-digit code used to identify the EFT sending point. There is a leading space plus the routing number for the LEA's bank.|
 +^Originator Status Code|{{page>general:orignatorstatuscode}}| 
 +^Bank Code|Click {{:images:dropdown.gif|Drop-down Arrow}} to select the assigned code for the LEA's bank.|
 +^ACH Service Class Code|{{page>general:ach}}|
 +
 +VCV Click **Save**.
 +
general/vendoreftprocess_eft.1698440133.txt.gz · Last modified: 2023/10/27 20:55 by emoreno

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