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CB Setup for ACH Payments

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LauraSantos
Basic Member
Posts: 16
Basic Member
5/4/2010 3:22 PM
    We would like to start processing some AP payments through ACH rather than a paper check. Our current bank setup in Cash Management was set up some time ago so they did not use the bank ID number in CB00.1, they gave it an alpha name to identify the bank, so when we run the AP160, the ACHTAPE file shows the bank name rather than the bank ID number. I have added two new banks in CB00.1 (the bank id for one is the electronic transfer bank’s routing number and the other bank id is the bank’s paper check routing number). We only have one cash code defined in CB00.2. Can I use the same cash code for both ACH payments and paper checks? The funds for each are coming from the same bank and the same bank account number. Or should I set up separate cash codes, one for processing ACH payments and one for processing paper checks?

    Thanks,
    Laura
    Adam Jacobson
    Veteran Member
    Posts: 69
    Veteran Member
    5/4/2010 4:40 PM
      You may use the same bank account. You just need different payment codes/transaction codes. So you can set one up as "CHK" and one as "ACH".
      You'll specify the appropriate code when running Ap150/Ap160.
      Doug Hubert
      New Member
      Posts: 1
      New Member
      5/6/2010 10:06 PM
        Quick question ... when attempting to run AP161 for an electronic file I am receiving an error "Payment code CHK does not have electronic id". I'm not seeing anything unusual in the cash payment formats or Bank Transaction Definition. Any ideas?
        LauraSantos
        Basic Member
        Posts: 16
        Basic Member
        5/10/2010 1:14 PM
          Doug - Is your payment code "CHK" used for processing electronic payments? If it is, you would need to add an identification number for your payment code on AP01.3. This should be an id number agreed upon between you and the bank.