| Accounts Payable Electronic Funds Transfer (APEFT)
APEFT provides automatic electronic funds transfer of your Microsoft Dynamics SL AP Checks to your vendors' bank accounts. By separating your EFT vouchers into their own batch, you can easily transmit that batch of checks to your vendors via the national ACH system, and then print remittance advice slips or email them - your choice, by vendor.
The eBanking Suite's APEFT streamlines processing through various communication options. Most commonly used are browser or FTP transmissions. With a few clicks of your mouse, your payments are formatted and sent to your bank.
The Electronic Tax Payment feature fully supports the national EFTPS for many tax payment types. All electronic state tax payments are supported.
Features:
- Electronically pay:
- Vendor trade pay
- Employee expense reimbursements
- Grant payments
- State and Federal tax payments
- Child support payments
- Seamless integration with Microsoft Dynamics SL Accounts Payable
- US ACH format
- Multi-company / multi-account
- Remittance advices by email (completely customizable)
- Security - Account approval option
- Security - Amount approval option
- Flexible summarization options
- EFT test files
- Optional pre-notification
- Multiple transmissions in one day
- "One-Pass" payment selection filter
- Balanced or unbalanced files
- Mixed debits/credits
- Flexible communications
- No intermediary clearinghouse required
- File archiving
- Available on Microsoft Dynamics SL v5.0, 5.5, 6.0, 6.5 and 7.0
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