Allow EFT payments to be processed in advance in FE NXT

If an organization is following best practices, the person who prepares EFT payments is different from the person who authorizes EFT payments. In order to facilitate best practice, the software should allow the EFT file to be prepared in advance so that the person authorized to upload it to the bank has time to handle it. FE allows you to do that. Right now, FE NXT forces the same date into the EFT file so that it must be uploaded to the bank and the payment scheduled on the same day as the EFT file is prepared.

  • Guest
  • Jun 3 2020
  • Already exists
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  • Guest commented
    June 04, 2020 16:24

    That's great to hear. To be honest, it did sound like a bug to be fixed rather than a new idea. FE NXT let me pick a payment date of the first of the next month for our rent EFTs. It posted in the database as having been paid on the 1st of June, but the EFT file for the bank had the payment date as May 27th, the date I prepared the invoice. We had to manually change the EFT file before uploading it. This week, we went back to FE to avoid the problem. If the problem is fixed, I'll try FE NXT again next week.

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  • Julia Petit commented
    June 04, 2020 14:35

    Hi Burt, Thanks for the feedback! If I have the right understanding, as an example, you'd like to process the EFT payments today, but have the EFT file that's generated show a payment date of tomorrow? If that's correct, there was a known issue about this that has been resolved as of a few days ago. Let me know if I'm mistaken though, happy to adjust the status of this idea as needed.

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