How to: Create a Bankers' Automated Clearing Service File
In Microsoft Dynamics NAV, you can use Bankers' Automated Clearing Service (BACS) to process financial transactions electronically. To use BACS as the default vendor payment method, you must set export vendor payments to a BACS file using the Export BACS option. The resulting file can then be read by third-party applications to allow electronic bank payments.
You can keep track of BACS events, such as exporting and voiding, with the BACS Ledger Entry table. You can keep track of BACS transmissions using the BACS Register table.
To create a BACS file, you must follow this sequence of activities:
Set up vendor payment information in the Vendor card window.
Create the vendor payment using BACS.
Export the BACS payment file.
To set up vendor payment information in the vendor card
In the Search box, enter Vendors, and then choose the related link.
Select the relevant vendor. On the Home tab, choose Edit.
On the Payments FastTab, in the BACS Account No. field, select the BACS account for the vendor.
Choose the OK button.
To create the vendor payment using BACS
In the Search box, enter Vendors, and then choose the related link.
In the Vendor List window, select the relevant vendor for whom BACS payment was set up in the Vendor card window.
To open the Payment Journal window, on the Home tab, in the Process group, choose Payment Journal.
Fill in the fields as described in the following table.
Field Description Document No.
Specifies the document number for the journal line.
Account Type
Select the account type as Vendor.
Account No.
Specifies the code of the vendor that you selected in the Vendor Card window.
Bank Payment Type
Specifies that the payment type to be used for the entry on the payment journal line is BACS.
BACS Account No.
Specifies the BACS account number that you have set on the vendor card.
Amount
Specifies the total amount including VAT.
Choose the OK button.
See Also
Tasks
Reference
BACS Ledger Entry
BACS Register
Concepts
United Kingdom Local Functionality