When processing payables from batch mode the user can select EFT as the payment method to create a CPA1464 (005) or a TD80byte, file for upload to the bank.
When the post button is clicked the user will be asked where to save the payment file. Once saved it can be uploaded to the bank. No cheque will be printed.
A report can be printed to accompany the EFT and when emailed, it will email-merge a copy of each of the vendors portion to them just like a cheque stub, so they know what has been paid.
Would you like to transfer payments from EFT Clearing to Bank account? – If Yes, it will take you to the GLTransaction where it automatically fills in EFT and Bank GL Accounts and dollar amounts to transfer.