Direct Credit Payments Overview

Accounts Payable Menu -> A/P Payments -> Direct Credit Payments

This option only applies when the Direct Credit A/P payment processing has been activated in the company Company Information.
 If this feature is not activated, the options do not display in the menu tree.

•In Company Information, your firm's bank account number must be entered for the Bank of New Zealand Direct Credit payments, for ANZ NZ, or for Westpac NZ Direct Credit payments, CPA 005 (80 Byte) TD Bank and the CPA 005 (1464 Byte) Originator Id for HSBC, Bank of Nova Scotia or complete Financial Institution information must be entered for the Australian Banking Association (ABA) feature, as outlined in Direct Credit A/P Payments Defaults.

•Direct payment information can be entered in the Direct Credit window in Vendor Information for the relevant suppliers.

•The Cash Requirements Report can be printed for all vendors, or just Computer Check Vendors or just Direct Payment Vendors.

•Vendors flagged to use Direct Payment, will no longer appear in the selection list generated in Select Invoices - Computer Checks.

Note: In Canada, Direct Credit Payments will work for any Canadian bank that supports the EFT CPA Standard 005 (1464 Byte) File Layout, such as HSBC, Bank of NS & CIBC or EFT CPA Standard 005 (80 Byte) File Layout - TD Bank.

The sub-menu options to initiate and process direct payments for vendors, include:
 

Select Invoices - Direct Credit Payment
 Print Direct Payment Edit Report / Remittance Advice
 Reprint Direct Credit Remittance Advice
 Reverse a Direct Payment
 Print Payment Register and Post

Rebuild Westpac NZ Direct Credit File

Topic Keyword: AP26