Tech Note: Understanding the Electronic Payment (ACH) Feature in Accounts Receivable

AccountMate’s Electronic Payment feature in the Accounts Receivable module allows you to automatically pull payment from customer bank accounts by creating an ACH (Automated Clearing House) file, then uploading it to your bank for processing. Of course you need customer bank account information—and permission!—but this is a quick way to automatically collect payments, typically when you have customers on a subscription-basis for products or services.

Article #1334: Understanding the Electronic Payment Feature in Accounts Receivable discusses how to use the electronic payment feature and lists the available reports that contain information on customers’ electronic payments.