How to send the bank a test Electronics Funds Transfer (EFT) file

Sending a test EFT file to your bank in Sage 50 Accounting is easy. Just follow these steps: create a Direct Deposit or EFT transaction, generate the EFT file, send it to your bank, and then reverse the transaction.

Create the transaction

1. Enable Direct Deposit / Pre-Authorized Debit (PAD).
   • Enable direct deposit for employees
   • Enable direct deposit for vendors
   • Enable PAD for customers
2. Open the invoice or paycheque journal.
3. Choose the vendor, customer, or employee set up for EFT or Direct Deposit.
4. Select Direct Deposit as the Payment Method.
5. Enter 0.01 in the Amount column. Don't enter an item.
6. Post.

Create the file

• Generate the Vendor Direct Deposit, Customer PAD, or Employee EFT .DAT file

Send the file to the bank

• Locate the file you generated and saved in the Create the file step
• Follow your bank's steps to upload the file and verify the process

Reverse the invoice

1. Reverse a vendor invoice.
   • Select the Vendor test invoice
   • Reverse the invoice by selecting Purchase, Reverse Invoice or
      NOTE: You'll get a notification to contact your bank. Select Yes to reverse the transaction  
2. Reverse a customer invoice.
   • Select the Customer test invoice
   • Reverse the invoice by selecting Sales, Reverse Invoice or
      NOTE: You'll get a notification to contact your bank. Select Yes to reverse the transaction 
3. Void the employee test paycheque.