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Electronic Funds Transfer

Once you have signed up for the service from your bank, it is just a matter of transmitting the file to the bank. We currently support two formats; the HSBC 1364 character layout and the BMO 80 character layout. These seem to be the two primary formats supported by the Canadian banks, but more formats can be added in the future as necessary.

EFT really starts with setting up a check series to separate the suppliers and then, when you do a check run, having EPASS produce vouchers for you to send to your suppliers so they are aware of the payment.

System Maintenance​

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In the AP Variables and EFT table, you define all the banking details required for EFT. These are all provided by your bank.

EFT Utility​

AP > Utilities > EFT

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Once you select the bank account and date range, the EFT layout will be defaulted. The fields from the Originator ID down to the Account Number are all defaulted from the EFT table in System Maintenance. The file name will be remembered from the last time and you just select the posting batches you wish to include.

Now you upload the file to your bank.