Fastbase Accounting System - Online Manual
Direct Credit Schedule
Entered Fri, 22 Nov 2002 09:45 by Peter Campbell
Updated Thu, 26 Aug 2010 10:39
This feature allows you to generate a bank output file (a direct credit schedule) containing instructions to your bank to pay your suppliers, per the supplier payment transactions you select.
Go to Processing -> Supplier Payments -> Direct Credit Schedule
You need to have done all the steps for selecting your supplier payments before you can print the direct credit schedule (and produce the bank output file). See Supplier Payments.
Select each batch that you want to pay (usually the most current) and then click on the "Next" button.
A screen will be displayed prompting you for the output file name and payment date.
This should default to the filename specified on the bank GL account (see GL Account Maintenance, re: GL Account Details for details). Select the "Browse" button to specify the file name if required.
Make sure you know the location of the file that you create, your banking program will want to know its location.
This defaults to today's date, this date will be recorded in the electronic file given to the bank. The bank will be instructed to make the payments on this date.
When you select "Print" the computer will produce a control report detailing all of the payments being made by direct credit. The computer will also produce the bank output file, also known as the electronic banking file.
Follow the instructions provided with your electronic banking software to continue with making the payments.
Fastbase can produce bank output files for the following banks. If your bank is not in this list, give us a call.
Banks in New Zealand:
- National Bank (DirectLink)
- Westpac (QuickPay or DeskBank)
Banks in Australia: