Positive Pay Setup & Create Positive File
- Loan Thai
This article documents how to set up positive pay for your bank accounts and create the positive file to submit to the bank.
Pre-requisites
Step-by-Step Guide
Navigate to Master -> Miscellaneous -> Bank Accounts.
Select the Bank you wish to set up Positive Pay and click on the Positive Pay tab.
Positive Pay Format – click the drop-down to select the Positive Pay file format. If the bank's file format is not on the drop-down list, it will need to be customized.
4. Typically, your bank would give you the information that they require to be included in your Positive Pay file that you will submit such as the Remote ID, Batch ID, and Bank ID, etc...
5. File Name – Choose a file name for each bank account that will be using each format so that it would be easy for you to recognize.
6. File Location – set the file path where you want the positive pay file to be created in so that you can find and pick it up to submit it to the bank.
7. Navigate to Payables > Payment > Positive Pay
8. Select a vendor or All vendors.
9. Set the date ranges for the checks.
10. Select a bank account and hit Retrieve.
11. All checks for the vendor(s), within the date ranges for selected bank will be displayed.
12. Review all checks then hit Save.
13. Find your file, open with notepad and review.
14. If all is good, submit to the bank.