With more companies sending ACH/EFT payments would be beneficial to add a drop down option of ACH/EFT as payment type in addition to Cash and Credit Card. Then allow on the Customer Inquiry/Maintenance Tab 6 for invoices add column for ACH/EFT to show the number so people looking up this information will know how payment is coming in electronically.

Many companies have their own unique numbering system for this type of payment and when we modify it by adding EFT or ACH then part of the check, it becomes difficult to track it with the customer because of the modifications we made in our system does not match the customers information. In addition, some parent companies/holding companies pay some of their companies by check and others electronically depending upon invoice amounts. So with this capability more accurate information is in the system to know how the payments are made.

by: Theresa S. | over a year ago | Financial Management