Accounts Payable Q&A: EFT Transactions

March 2021    Tags: Accounts Payable, EFTs

We sent an online payment to a vendor instead of writing a check. How can we record this in Accounts Payable?

When sending money to a vendor via a direct deposit or electronic check, you can use the Electronic Funds Transfer (EFT) type in the Invoice/Manual Checks entry screen to record it.

To enter an EFT

1. From the File menu, point to Open and select Invoice/Manual Checks.
2. Select the desired Vendor.
3. Select EFT.
4. Enter any other information as needed.
5. Press Ctrl+S.