Electronic Payments Direct Debit Setup

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Prior to using direct debits, there is a small amount of configuration required.

 

First, add a new payment type via Tools > Setups > Banking > Payment Type, making sure Debtors and Electronic Payments are both ticked.

 

debtorselecpaytype

 

Next, configure direct debit debtor payment options via Tools > Options > Banking as follows:

 

Paytypeelectronic

 

Info

If the company is licensed for Multi-Company, please see here for the correct setup.

 

Field Name

Description

Direct Debit Default GL Acc.

The default general ledger account to be used. This is typically a 1-XXXX asset bank account with Bank Info setup.

 

Note: Bank info can be set up via Accounts > General Ledger, editing the general ledger account and clicking Bank Info.

 

bankinfo

Bypass Unbanked Funds

This option should remain unticked.

Direct Debit Debtor Payment Type

Select the payment type to use for direct debit payments. This is the payment type that will automatically be used by batch invoicing, and when doing a manual direct debit payment. Choices are Cheque or Electronic Payments.

 

Further information

Electronic Payments Security

Electronic Payments Banking

Direct Debit Payments

Electronic Payments Batch Invoice using DD Payments

Failed Direct Debit

Remove a Payment