Unified Business Solutions » Wire Tranfers http://www.unifiedbiz.com Partners in your Enterprise Wed, 18 May 2011 18:21:33 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 How to handle wire transfer, ACH, payments to vendors in Dynamics GP. http://www.unifiedbiz.com/blogs/how-to-handle-wire-transfer-ach-payments-to-vendors-in-dynamics-gp/ http://www.unifiedbiz.com/blogs/how-to-handle-wire-transfer-ach-payments-to-vendors-in-dynamics-gp/#comments Tue, 29 Sep 2009 21:57:32 +0000 Rick Alvord http://www.unifiedbiz.com/blogs/how-to-handle-wire-transfer-ach-payments-to-vendors-in-dynamics-gp/ It’s a simple thing but not obvious if you have never had to record vendor payments that were processed through an ACH / Wire Transfer in Dynamics GP.  When you research this issue inevitably you end up in the EFT module which is great but not what you are looking for.

Use the Manual Payment Entry Window in Payables Management to record all wire transfers / ACH payments to vendors.  This window is used for all manual checks, cash, credit card payments, and EFT (wire transfers).

Enter the unique wire transfer number in the Document No., use the Checkbook ID that originated the transfer, enter the amount and apply to the appropriate invoice.

You will need to separate out the bank wire transfer fees from the actual vendor payments. Record the fees separate in Bank Reconciliation or in the GL as needed. 

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