Electronic Banking is used to process electronic payments to Suppliers. Payments are made from an electronic clearing account to a bank account by selecting outstanding supplier payments that need to be paid.

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Note: Australian companies using Payroll may also use the Electronic Banking feature to process payroll payments to employees.

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Once an electronic payment is processed, an electronic banking file is created. The file includes bank account details and supplier purchase information. The electronic banking file can be imported to your online banking system prior to transferring funds from your account in Moveware.

Posting an electronic payment automatically creates an Electronic Payment (EP) Journal that credits the bank account and has a debit entry for each transaction in the electronic clearing account.

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See Preparing an Electronic Payment and Reversing an Electronic Payment for further instructions.

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During the process of creating an electronic banking file, the following tasks can be performed on bank account transactions:

Email Remittances	Email remittance of payment to Suppliers with email addresses by clicking the Email Remittances [] button.
Generate an Electronic Banking File	An Electronic Banking File can be exported and uploaded to your bank for automated payment processing by clicking the Create Electronic Banking File [] button.
View Payment Details	Select a transaction and click the View Payment Details [] button to view the Journal details, including foreign currency amounts.
Modify Supplier Details	Select a Supplier purchase transaction and click the Modify Supplier Details [] button to update the details of a Supplier.

Electronic banking interfaces will be created when the user clicks the  icon and the type of interface is defined by the bank account the user selects in electronic banking as per below. Unless we have code for specific companies, electronic banking file formats used by default based on the system country code. 

The following sections detail the EP exports formats we have available. 

Australian ABA File

UK BACS File

New Zealand Banking File

Canadian Banking Files

South African Banking Files

SEPA File

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