Creating new EFT postings

When an invoice is entered, you can select the payment type to be either cheque or EFT. EFT payments can be prompt or due later.
If :

an invoice is selected for prompt EFT payment, it is automatically included in the next EFT posting
it is due later, with payment type EFT, it needs to be individually selected through Creditor Payment Selection. Once selected it will be included in the next EFT posting.

To create a new EFT posting:

Select Module > Creditors > Create EFT Posting.
The Create New Creditor EFT Posting window is displayed.
Tip: You can also access the Create New Creditor EFT Posting window by clicking .
Select the posting date and the bank account that the payment will come from.

Note: Only postings issued from the selected Bank Account are created, depending on your banking configuration. See Banking Configuration Maintenance - General tab in the Finance manual.
Type the posting description.
Click .
The posting is created.

Create New Creditor EFT Posting key fields

Field	Description
G/L Year End	Current G/L year. Refer to Synergetic Financial Configuration - General tab in the System maintenance manual for more information about configuring the G/L year.
No Postings on or Prior to	Start of the current G/L year. Note: You cannot post prior to the G/L Audited to Date or after the current financial year. Refer to Synergetic Financial Configuration - General tab in the System maintenance manual for more information about configuring the G/L year.
Posting Date	Date the posting is entered in the General Ledger. Note: By default, this is the current date. You can select any other dates within the current G/L year range.
Description	Description to help you identify the posting at a later stage. Used primarily for reference purposes.
Bank Account	Bank account that the payment is issued from. Refer to Synergetic Financial Configuration - General tab in the System maintenance manual for more information about configuring bank accounts.