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Dynamic42
Level 1

Paying suppliers via EFT (Australia)

We have recently moved to QBO from MYOB - due to a business merger and need help with paying suppliers via EFT directly from QBO. MYOB made this easy , but cannot find a similar function in QBO. Is there a solution?

3 Comments 3
IntuitSheila
Level 8

Paying suppliers via EFT (Australia)

Hi Dynamic42,

 

Thanks for posting in the Community!

 

At the moment QuickBooks Online does not have an option or feature within to pay suppliers directly via EFT. However, you can enable batch payments or create ABA files for supplier and upload them to your internet online banking account.

 

Here's how:

 

  1. Go to the Gear icon and select Chart of Accounts.
  2. Find your bank account.
  3. In the Action column ▼ dropdown, select Edit.
  4. Check the box I create batch payments for this account.
  5. Fill in the relevant information for your bank, and then Save and Close.

Once you set up a bank account, you can activate batch payments for your bank.

 

Then, let's enable batch payments for a supplier:

 

  1. Go to Get paid & pay and select Suppliers.
  2. Select the supplier that you want to create the batch payments for.
  3. Select Edit.
  4. Check the box I create batch payments to pay this supplier.
  5. Fill in the supplier’s banking details, then Save.

Next is to create a batch payment file:

 

  1. Select + New.
  2. Select Pay Bills.
  3. In the Payment account field, select the account you want to make a batch payment for.
  4. Check the box of the bill/s you want to pay.
  5. Select the Save ▼ dropdown, then Create batch payment.

Please let me know if you have any additional questions. I'm always willing to assist.

Dynamic42
Level 1

Paying suppliers via EFT (Australia)

Thank you.

Once I create the ABA file and we pay approx 12 suppliers each month, will I have to enter the suppliers bank details each time we pay them?

IntuitSheila
Level 8

Paying suppliers via EFT (Australia)

Hi Dynamic42,

 

That is correct. You will have to enter the supplier's bank details in the Supplier detail field to be able to create batch file.

 

You can refer to this article for a more comprehensive steps: How to enable batch payments or create ABA Files.

 

Keep me posted if you have other QuickBooks concerns or questions. I'll get back to help you the best that I can.