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Trace: • assetmanagement_deprec_method • Create EFT File - GRT8020 • Retro Pay Processing - HRS6280 • Establish the approval path • Manage Users - GRT2160
grantsprojects:utilities:grantpayments:createeft

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grantsprojects:utilities:grantpayments:createeft [2021/06/22 15:40] – created emorenograntsprojects:utilities:grantpayments:createeft [2021/10/22 15:21] (current) – emoreno
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 Electronic fund transfer (EFT) is a method of electronically transferring funds to a vendor for payment. The transfer is accomplished by creating an EFT file during a payment run. The file is sent to the bank to be transmitted to an automated clearing house (ACH). The ACH is a centralized, federal reserve bank that transmits the necessary data for electronically transferring funds to the vendor's participating depository financial institution (DFI). Electronic fund transfer (EFT) is a method of electronically transferring funds to a vendor for payment. The transfer is accomplished by creating an EFT file during a payment run. The file is sent to the bank to be transmitted to an automated clearing house (ACH). The ACH is a centralized, federal reserve bank that transmits the necessary data for electronically transferring funds to the vendor's participating depository financial institution (DFI).
  
-**Note**: The member's bank information must either be completed on the [[grantsprojects:tables:ssamembers:bankcode|Grants and Projects > Tables > SSA Members > Bank Code]] or the [[finance:maintenance:vendorinformation:vendormiscellaneous|Finance > Maintenance > Vendor Information > Vendor Miscellaneous]] tab (if the member uses the same account information for vendor EFT payments). Otherwise, the create EFT file process cannot be performed.+**Notes**:  
 +  * The member's bank information must either be completed on the [[grantsprojects:tables:ssamembers:bankcode|Grants and Projects > Tables > SSA Members > Bank Code]] or the [[finance:maintenance:vendorinformation:vendormiscellaneous|Finance > Maintenance > Vendor Information > Vendor Miscellaneous]] tab (if the member uses the same account information for vendor EFT payments). Otherwise, the create EFT file process cannot be performed. 
 +  * Grants and Projects EFT files cannot be created in Finance and vice versa. 
 </WRAP> </WRAP>
  
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grantsprojects/utilities/grantpayments/createeft.1624376401.txt.gz · Last modified: 2021/06/22 10:40 (external edit)

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