Electronic Payments Direct Debit

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Electronic payments support direct debit debtor payments. This provides an easy way to process payments, eg. monthly service fees, from customers.

 

Payments can be made directly into a nominated bank account.

 

In order to use electronic banking for direct debit, this facility must first be set up with the bank.

 

Quality

Unbanked funds cannot be used for ABA debtors. Nor can direct debit debtor payments be deleted. They can only be reversed or refunded.

 

Once payments have been made, an ABA file containing the payment details, customer bank account/BSB and vendor reference (if applicable) can be produced and uploaded to the bank’s website or banking software.

 

elecpaydebtors

 

Quality

Note: The Bank Processing Date should mirror the date you plan to process the payment in the online banking portal. This will ensure the payment is processed by the bank on the correct date.

 

When selecting Not Exported Debtors, the account will be populated with the one specified in the direct debit default general ledger account as specified in Tools > Options > Banking.

 

Sorting, searching and grouping are available as per other lists in Jim2. Select the column header in the grid, then drag it to the Group By area to group.

 

dragelecpmt

 

Info

Lodgement reference numbers can be included when sending debtors/creditors ABA files. These are very useful for both the customer to recognise the payment has come from you, and for you to recognise in the bank reconciliation.

 

lodgementref1

 

Remittance advices cannot be instigated from the ABA file. At the point of making individual payments via Creditors, send a remittance advice indicating which invoices are being paid.

 

Further information

Electronic Payments Security

Electronic Payments Direct Debit Setup

Electronic Payments Banking

Direct Debit Payments

Electronic Payments Batch Invoice using DD Payments

Failed Direct Debit

Remove a Payment