Direct Credit Payments Overview
Accounts Payable Menu -> A/P
Payments -> Direct Credit Payments
This option only applies when the Direct Credit A/P payment
processing has been activated in the company Company Information.
If this feature is not activated, the options do not display in the
menu tree.
- In Company Information, your firm's
bank account number must be entered for the Bank of New Zealand
Direct Credit payments, for ANZ NZ, or for Westpac NZ Direct Credit
payments, CPA 005 (80 Byte) TD Bank and the CPA 005 (1464 Byte)
Originator Id for HSBC, Bank of Nova Scotia or complete Financial
Institution information must be entered for the Australian Banking
Association (ABA) feature, as outlined in Direct Credit A/P Payments Defaults.
- Direct payment information can be entered in the Direct
Credit window in Vendor Information
for the relevant suppliers.
- The Cash Requirements Report can be
printed for all vendors, or just Computer Check Vendors or just
Direct Payment Vendors.
- Vendors flagged to use Direct Payment, will no longer appear in
the selection list generated in Select
Invoices - Computer Checks.
Note: In Canada, Direct Credit Payments will work for any
Canadian bank that supports the EFT CPA Standard 005 (1464 Byte)
File Layout, such as HSBC, Bank of NS & CIBC or EFT CPA
Standard 005 (80 Byte) File Layout - TD Bank.
The sub-menu options to initiate and process direct payments for
vendors, include:
- Select Invoices - Direct Credit
Payment
Print Direct Payment Edit Report / Remittance
Advice
Reprint Direct Credit Remittance Advice
Reverse a Direct Payment
Print Payment Register and Post
Rebuild Westpac NZ Direct Credit File
Topic Keyword: AP26