Forum Discussion

JaneSmith1's avatar
JaneSmith1
3 years ago

Account Name for Electronic Payments with an ABA Bank File

Hi all, I'm hoping there is a simple solution to an issue I am having.    I have tried to pay multiple bills by processing bills as Electronic Payment in the Pay Bills window and creating a Bank Fi...
JaneSmith1's avatar
JaneSmith1
3 years ago

Thanks so much for your reply Steven. 

 

So if I process 1 payment (payment for 1 invoice) per bank file, will it show the account name as it has been input on the invoice (as per item 2 on the screenshot) or will it still show Electronic Clearing Account (as per item 1 in the screenshot)? 

 

Thanks

Steven_M's avatar
Steven_M
Former Staff
3 years ago

Hi JaneSmith1 

 

No, the Bank Register will always show the allocation account on the payment transaction. So when dealing with electronic payments this would always be the Electronic Clearing Account.

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