Costpoint Online Help

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Print EFT Pre-Transfer Edit Report

Use this screen to print a list of the records Costpoint will include when it creates the electronic funds transfer (EFT) file.

This list includes:

  • Summarized voucher information
  • A transfer subtotal for each pay vendor/address combination
  • The total for the entire amount of the transfer to the bank/bank account

You can limit this report's data by bank account abbreviation. The report includes information only for active vendor/address code combinations that receive live electronic payments and includes only selected vouchers in its totals. This means that the vendor must have either the US EFT Active or Non-US EFT Active checkbox selected on the Addresses subtask of the Manage Vendor screen, there must be a bank account listed.

Note: Vendors to whom you are making the first electronic payment are included in this report, but the transfer amount is zero. ACH rules require that the first transfer to a vendor be made as a prenote, or test, which includes no currency or a nominal currency amount. After the first successful transfer, you can change the vendor/address combination's ACH code to live status on the EFT Info (US) or EFT Info (Non-US) subtask of the Manage Vendor screen. Subsequent payments to the vendor will be made electronically.

International ACH Transactions (IAT) for vendors with their Non-US EFT Active checkbox selected will be available in a future Costpoint release.

If you print the Print EFT Pre-Transfer Edit Report and there is nothing on it even though you have approved vouchers on Pay status, you should verify that you are printing the report for the correct bank abbreviation. To do so, look at the Cash Account Description field on the Edit Voucher Payment Status screen. Once you know the cash account description, go to the Manage Cash Accounts screen, find the cash account description and the bank abbreviation linked to it. Verify that this is the same bank abbreviation that you are selecting when trying to print the EFT Pre-Transfer Edit Report.

Note: This report uses dynamic worktables. Because these tables are user-specific and are deleted after the process is over and data has been transferred to a permanent table, each user can only run one EFT Pre-Transfer Edit Report using the same user name at one time. Multiple users, however, can run the report simultaneously, as long as they log in under different user names.

See Electronic Funds Transfer (EFT) for related information.

Run and review this report before creating the EFT file. Retain the report as an audit trail.

Screen Contents

This screen has the following elements:

  • Use the Identification block to enter a parameter ID and description.
  • Use the Selection Ranges block to select bank account abbreviations to include in the report.
  • Use the Sort By block to sort the transfers within each bank account abbreviation.