ISTech Support Forum

ISTech Support Forum
http://www.istechforum.com/YaBB.pl
Evo-ERP and DBA Classic >> Suggestions for Updates >> Electronic funds tranfers
http://www.istechforum.com/YaBB.pl?num=1161633864

Message started by deburr on 10/23/06 at 12:04:24

Title: Electronic funds tranfers
Post by deburr on 10/23/06 at 12:04:24

Would be nice to have a way of noting payments to vendors done outside the regular checking account number sequences like EFT's so that regular check numbers would not be reset. I would use EFT in front of the check number but the system doesn't allow alpha characters to be used in that field.

Title: Re: Electronic funds tranfers
Post by lmk223a on 10/25/06 at 04:54:55

AP-B with voucher type of MANUAL CHECK. This feature is used for direct payments to vendors and you have the option of printing a check for your records if you desire.

I use this to record wire transfer payments to our vendors.

Also, I use a check number of 99999 to indicate outgoing wire transfers for A/P and incoming for A/R. That way all wires are grouped together when I reconcile the Check Register. ::)

Title: Re: Electronic funds tranfers
Post by Lynn Pantic on 10/25/06 at 06:01:09

Using the same check number for all such entries is a bad idea if you ever need to reverse one. Better to use different numbers in a range that is different from regular checks so they are grouped together but have unique numbers.

Title: Re: Electronic funds tranfers
Post by lmk223a on 10/25/06 at 12:05:34

Good point!! Luckily, I have never had to reverse one.