Positive Pay - Sandler*Kahne Software, Inc.

AP EFT Setup (DD.950.00)Use the AP EFT Setup screen to enter defaults for EFT vendors, information forcommunicating with the company bank, and the format of the EFT and/orPositive Pay file.Before proceeding, see the sections entitled AP EFT Setup and Sending TestEFT File in the User Guide. This procedure outlines the steps you must take tocomplete the AP EFT Setup for your business.Module TabUse this tab to establish EFT system-wide setup options.Multi-CompanyMulti-company is used if within one Solomon database you will be payingagainst different checking accounts, and each (or at least one) of those accountshas different EFT File and/or Positive Pay Setup information. For instance –they each need a different Immediate Destination and therefore will require thata different EFT file be sent for each checking account. If your ImmediateDestination, Company Name/ID information, EFT Filename/Path andCommunications Options are all the same for all your company payingaccounts, then leave this option unselected.Multi-File FormatThis option is used if you need to have different EFT file formats within thisSolomon database. For instance, you might be paying against one checkingaccount using the US-ACH format, while with another checking account youneed to use a foreign bank format. If all EFT files will be using one format,then leave this option un-selected. This option is not available if you havelicensed Positive Pay only.Default File FormatThis field needs to be entered, regardless if you are using Multi-File format ornot. If not using Multi-File formats, then this will determine the one format thatwill be used for this Solomon database. Otherwise, it will be the default formatwhen adding new EFT Vendors and/or Company Paying Accounts. A PV isavailable for all possible File Formats. This option is not available if you havelicensed Positive Pay only.A/P Electronic Funds Transfer w/ Positive Pay Reference – AP EFT • 51