Direct Credits A/P Payments Defaults

The ability to pay selected suppliers directly using direct payments is currently supported for the "Bank of New Zealand", "Australian Banking Association" (ABA), "Westpac", "ANZ NZ", and "CPA 005".
This feature can be activated by bank with the associate defaults from the Company Information.

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 the CPA Standard 005 80 Byte File Layout such as TD Bank.

If there is another bank for which you require this processing, contact Texada Support to discuss the programming requirements.

Use this option to defined the default setup, to apply in the processing outlined in Direct Credit Payments.

The prompts are:

DIRECT CREDIT FORMAT

Select one of:

• Bank of New Zealand
  

  BANK ACCOUNT #

  Enter the bank account number to be used for direct credit payments to your suppliers, if applicable.
  The other settings do not apply to the Bank of New Zealand.
  

• Australian Banking Association (ABA)
  Enter the financial institution information used to generate the export file:

  BANK ACCOUNT#

  Enter the Bank State Branch Account number.
  

  ACCOUNT NAME

  Enter the user preferred specification name as advised in the application.

  FINANCIAL INSTITUTION

  Enter the Bank Code approved by the relevant financial institution.
  e.g. Westpac is WP.

  BANK IDENTIFICATION

  Enter the user identification number which is allocated by APCA.

  BANK / STATE / BRANCH NUMBER

  Enter the valid Bank State Branch number or BSB code.

  FILE HEADER DESCRIPTION

  Enter the file description.
  e.g. Payroll

  STATE IDENTIFICATION CODE

  Enter the numeric state code.

  REMITTER'S NAME

  This defaults from the company name, but can be over-typed as required.

  SELF-BALANCING

  Uncheck this box if balancing is not required in the export file.
  Check this box to activate the optional self balancing feature. An additional Debit transaction is generated in the transaction file to match the sum of the Credits made to the suppliers.

  EXPORT DIRECTORY PATH

  Enter the directory path on the server for the export file.

  TRANSACTION LIMIT FOR FILE

  Because some banks have limited file sizes, enter the maximum number of vendors to pay per file. If records exceed this number, multiple files will be created.

  DAYS TO POST

  Enter the default number of days to post the transactions from the current date when generated in Post Direct Credit Payment Register.

  DIRECT CREDITS BY G/L ACCOUNT

  If your firm uses the Direct Payment feature for multiple bank accounts, setup the specific Financial Institution Settings by G/L Account in the window.
  Any information entered by G/L Account over-rides the standard defaults when this Account is posting, otherwise the original Financial Institution Settings apply.

• Westpac NZ
  

  BANK ACCOUNT #

  Enter the bank account number to be used for direct credit payments to your suppliers, if applicable.
  The other settings do not apply to the Westpac NZ.
  

• ANZ NZ
  

  BANK ACCOUNT #

  Enter the bank account number to be used for direct credit payments to your suppliers, if applicable.
  The other settings do not apply to the ANZ NZ.
  

• CPA 005 - 1464 Byte (HSBC, Bank of Nova Scotia & CIBC CANADA)
  Enter the financial institution information used to generate the export file:

  ORIGINATOR ID

  Enter the Originator ID to be used for direct credit payments to your suppliers if applicable.

  ORIGINATOR REF#

  Enter the reference number up to a maximum of 19 characters to print in fields 175-193

  SETTLEMENT CODE

  Leave this field blank for HSBC as it does not apply.
  For CIBC set this the 01.

  INSTITUTION ID

  Enter the financial institution number for the bank of up to a maximum of 9 characters to print in fields 194-202

  BANK ACCOUNT #

  Enter the bank account number up to a maximum of 11 characters to print in fields 203-214
  

• CPA 005 - 80 Byte (TD Bank)
  Enter the financial institution information used to generate the export file:

  ORIGINATOR ID

  Enter the Originator ID to be used for direct credit payments to your suppliers if applicable.

  ORIGINATOR REF#

  Enter the reference number up to a maximum of 19 characters to print in fields 175-193

  SETTLEMENT CODE

  Leave this field blank for HSBC as it does not apply.
  For CIBC set this the 01.

  INSTITUTION ID

  Enter the financial institution number for the bank of up to a maximum of 9 characters to print in fields 194-202

  BANK ACCOUNT #

  Enter the bank account number up to a maximum of 12 characters to print in fields 203-215
  

  Note: For Direct Credit 80 Byte submissions, Column 12 on the first line of the Direct Payment file should be a D (positive) or C (negative).

For information on generating the payments to select suppliers, refer to Direct Credit Payments.