The Accounts Receivable Electronic Funds Transfer App was built to add Direct Debit/EFT for Receivables Management functionality to the North American version of Microsoft Dynamics 365 Business Central.

What is EFT?

EFT is Electronic Funds Transfer. Money is transferred directly between banks, removing the need for a physical check to be sent and received to start the transfering of money.

Why EFT for Receivables?

This enables the direct receipt of payments from your customer's bank accounts. No need to wait for a customer to make check run or wait for the check in the mail.

Entries are made directly in Microsoft Dynamics 365 Business Central and the EFT file is generated and are then available to upload to your bank.

Features:

Defining banks and their EFT file format for each bank
Assign a bank to each customer
When processing customer payments, EFT files are automatically generated from Microsoft Dynamics 365 Business Central
Require generation of EFT file before posting
Ability to Void EFT file and make edits to reissue if issues are found before posting

Supported Editions

The app supports the Essentials and Premium Editions of Microsoft Dynamics 365 Business Central.

Supported countries

This app is available in the United States and Canada.

Supported languages

This app is available in English (United States and Canada) and French Canadian (Canada).

AR Electronic Funds Transfer App

by Plumbline Consulting LLC