EAP: After NACHA Encryption, EFT Electronic Payments Are Selecting Wrong Bank Account For Supplier With Multiple Locations (Doc ID 2989801.1)

Last updated on DECEMBER 08, 2023

Applies to:

Symptoms

ISSUE:

Electronic Payments & Format EFT Files [FIN2025] process is pulling wrong bank account numbers (from old effective date) instead of latest effective dated account numbers from vendor setup.

STEPS:


1. Supplier Bank Account Setup

    Suppliers > Supplier Information > Add/Update Supplier - Location Tab

Location LOC1 – Effective Date 10/11/2029 - Bank Account = 5680000611234
Location LOC1 – Effective Date 9/13/2019 - Bank Account = 5690000611234

2. Create Voucher for the Supplier for location LOC1 with invoice date of 02/10/2023

     Accounts Payable >  Vouchers  > Add/Update  > Regular Entry
3. Run Pay Cycle.

    Accounts Payable > Payments > Paycycle Processing > Pay Selection Criteria
4. Payment File is generated with Bank Account pulled from old Effective Date.
Expected Bank Account in File: 5680000611234

Changes

Cause

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