Positive Pay - Sandler*Kahne Software, Inc.

Electronic Data Interchange -a standard for exchangingbusiness informationelectronicallyStructuring Vendor BankingInformationFor each vendor that you want to provide EFT capabilities, you need to set up arecord in Vendor Banking Entry. Not all of your vendors (those not requiringEFT) need to be setup in Vendor Banking Information.US Only – Entry ClassesUse the Transaction Types (DD.301.00) application to select the Entry Classesyou will be using. The ones selected will then be the list of possible selectionsin Vendor Banking Entry. The Format ID for US ACH is “US-ACH”.You need to establish the Entry Class for each vendor, whether they are:• PPD - Prearranged Deposit - used for vendors who are individuals thatrequest their expense reimbursements to be direct deposited.• CCD - Cash Concentration and Disbursement - used for corporate payments• CCD+ - Cash Concentration and Disbursement Plus - used for corporatepayments along with EDI information. With this Entry Class you also needto determine the ANSI X112 Version/Release your trading partner is using -to receive their EDI record.• CCD+ - Cash Concentration and Disbursement Plus - Tax Payment - usedfor the financial agent who receives your tax deposits. See Appendix G -Tax Payments Explained (EFTPS).Non-US – Transaction Types/Payment CodesUse the Transaction Types (DD.301.00) application to select the TransactionTypes/Payment Codes you will be using. The ones selected will then be the listof possible selections in Vendor Banking Entry. Select the Transaction Typesfor each Format ID that you will be using.Documents/EFT RecordYou also need to determine how you want to summarize your vendors’payments in the EFT file. Each record that is transmitted in the EFT file mayconsist of:• One Record/All Batches - All check records in all batches selected (fullysummarized)• One Record/Batch - All check records in each batch• One Record/Check - Each check record in each batch• One Record/Voucher - Each voucher record in each batch (notsummarized at all)10 • User Guide – AP EFT A/P Electronic Funds Transfer w/ Positive Pay