Dynamics Gp Eft Payables Some Popular Questions And International Aspects

Dynamics GP ERP is flexible and is available in various countries and your vendors could be also located internationally

. In the United States popular Electronic File Transfer protocols are based on US-NACHA. As you may expect foreign countries have their own banking systems where the way to address bank account might be quite diversified. But most of these popular banking systems are already automated in EFT Payables module in GP. The best way to review the details is Electronic Banking manual available in PDF format directly in Program Files -> Microsoft Dynamics -> GP -> Documentation. You can print an authorization letter using the Letter Writing Assistant (Reports >> Letter Writing Assistant), which can be used to formalize an agreement with a vendor to use EFT payments. Lets now take a look at some highlights:

1.EFT File and pre-defined standards. If you open checkbook form then click on EFT bank button in the down right corner then on Payable options and here you see drop down list Format Type. Please expand Format Type DDL and review the standards predefined. Customers who are located in the United States likely you should just check with your bank technical support which type of US-NACHA is recommended. Customers in Canada may recognize their standard by bank name where popular choices are Bank of Montreal, CIBC, National Bank of Canada, RBC Royal Bank and Toronto Dominion. In some cases international GP users can also deploy predefined US-IAT NACHA. Well what do we do if we are outside of Canada or United States? If you think that IAT doesnt work in the case of your bank then go ahead and create EFT format from scratches or call Microsoft office in your country to check if they provide EFT format download

2.Setting up vendor for EFT. As we already mentioned good idea is to print EFT authorization letter and mail it to your vendors. Before we continue lets make some observation about Great Plains and vendors. Dynamics GP is not offered in all countries for implementation as it is localized in English, Arabic and partially in Spanish speaking countries of Americas. This fact limits the set of available EFT standards that are predefined. However if you are located in North America it doesnt mean that you vendors are also restricted to this region. You can have your suppliers in continental Europe, Asia or Brazil or you name the country. OK now lets continue and please open vendor form then click on address button and here click on EFT Bank. Please note that Bank Country/Region is important and it helps you with required information about international bank account. We are happy for suppliers located in such countries as Spain, Portugal and several others listed in this drop down list. If your vendor is located in Brazil, Russia or China then try to review options available for other countries as maybe bank requisites are similar

3.What if I dont want to pay this specific vendor via automatic bank transfer? This is OK as you can enable EFT for the vendor and if not go ahead and print paper check or do wire transfer which could be recorded as manual payment where check number is not required

4.For additional information, please feel free to call us 1-866-528-0577 or 1-630-961-5918 (this number works for international customers) or email us help@albaspectrum.com We serve you USA/Canada nationwide via remote support (web sessions and phone/Skype conferences). Local service is available in Western Michigan, Chicagoland, Southern California (LA, Orange County, San Diego), Houston area of the state of Texas

by: Andrew Karasev

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