Electronic Fund Transfers (EFTs) In D365 Training Electronic Fund Transfers (EFTs) in D365 Training Finance and Operations facilitate the seamless electronic transfer of funds between bank accounts, enhancing the efficiency and accuracy of payment processes. EFTs are commonly used for direct bank payments, including vendor payments, payroll, and other financial transactions, reducing the need for physical checks and manual processing. 1. EFT Setup To set up EFT in Dynamics 365, navigate to Cash and Bank Management > Bank Accounts and configure your bank accounts for electronic payments. This setup involves specifying bank details, account numbers, and selecting the appropriate payment formats compatible with your bank’s EFT standards, such as NACHA, ISO20022, or other region-specific formats. Microsoft Dynamics 365 Training In Hyderabad 2. Payment Journals for EFTs To process an EFT, go to Accounts Payable > Payments > Payme...
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