Administration, Core Financials, and Project Accounting

[Betty123]

Hello-

We use MAS 500 v7.3

We frequently make Wire Transfer/EFT Payments to Company Credit Cards and Overseas Vendors. In the past we have entered these AP Payments as Manual checks using the date of the Wire Transfer as the "check number". This has recently caused a problem with our check sequence. (A wire transfer was made under check number 10410 on 10/4/10 and the actual check 10410 was skipped over in our current System Check Run, causing the actual check number and number in MAS to be off by 1)

When you enter the manual check payment "Type" is there a way to add "EFT" to the list (currently our only options are "Standard" "Reversal" and "Void")?

I searched in Custom Information Setup and AP Setup and couldn't seem to find anything.

Thank you

[JulieS]

Hi,

Our company created EFT payment type custom programming to allow the user to setup a sequence number for EFT transactions that auto-increment as the check numbers do and also prints remittance information (like a check stub would) for EFT payment types for version 7.3 MAS 500. If you are interested in this type of custom solution please reply.

Thank you.

[emurphy]

Can you enter a "check" number starting with WT?

[snolte]

We have run into a similar issue since you can't use any letters in a cheque number (not sure if this can be changed somewhere but it won't allow them to be input).

We use the Payment Method "Other" and have re-named it to EFT / WT for Electronic Funds Transfers and Wire Transfers that are NOT being created using MAS 500's EFT process (or ACH for US).  When MAS creates the files for the Electronic Funds / ACH payments, it applies a unique payment ID to each payment when it processes it.  This means when we look in the Vendor Payment explorer, each payment comes up individually and the applications all show nicely.  But if we use this "Other" method, it applies a number of "0000000000-XX" to the payment.  They are all still listed individually in the explorer, but when you preview the application for the payment shows the applications for ALL payments to that vendor that were done with that payment method.  It's making things a little difficult to reconcile.  We can't set up next numbers for the payments as they don't require processing, so we end up with this giant list of invoices that have had applications made against them.  Has anyone found this before?  Am I maybe doing something wrong?