Moveware provides the option pay Suppliers (Creditors) and Employees by cheque or by direct credit from your bank account. Directly crediting your bank is accomplished by creating an electronic payment in Moveware.

To directly credit your bank account an electronic banking file is created from the Electronic Payment window. To do this you will need an Electronic Clearing account setup in Bank Accounts.

How to Prepare an Electronic Payment

1. Navigate to Banking > Electronic Banking in the main menu.
2. In the Electronic Banking window enter the date, reference and description of the transaction.
3. Select the Electronic Payment Account (e.g. an Electronic Clearing account).
4. Select the Bank Account that the funds are being transferred from. Available transactions will be displayed in the bottom part of the window.
5. Select the items you want to pay by double clicking or using the Select All  button. Use the View  tool to view the transaction.
6. Once all the items are entered select the Post button to create the journal. You have the choice to post and update the journal at the same time.
7. Click Yes to confirm exporting an Electronic Banking File for automated payment processing by your bank. If this option is chosen the file should be verified prior to continuing to post the journal.

Note: Selecting the Create Electronic Banking File  button prior to posting the transaction will allow a banking file to be created without completing the transaction.

8. Click Yes in the Email Remittances window if you wish to email remittance notices to clients.
9. A credit transaction is entered in the bank account that the funds are to be paid from and a debit transaction is entered in the Electronic Clearing account for each of the payments.
10. Click Yes to continue posting the journal. An Electronic Payment (EP) Journal is created.
11. To print an Electronic Payment Transaction Summary, click Yes in the Journal Successfully Created window.

---