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3

Electronic Payment NACHA format needs addenda Line 7 for invoice # to show on vendor bank stmts.

by: Patricia M. | over a year ago | 1 Financial Management
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Line indicator 7 would follow line indicator 6 and be linked to the invoice number. NACHA format uploads line 7 to the addenda field. The addenda field would then show on the vendor's bank statement to notify them of which invoice is being paid.

by: Patricia M. | over a year ago | 1 Financial Management

Comments

  • Completely agree!! We are making a large shift from paper checks to using electronic payments, and I cannot believe invoice # isn't included in the upload to the bank with NACHA -- missing addenda field.

    by: Rory C. | over a year ago