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tascott75
Level 1

EFT remittance advice letter

We've just currently set up paying vendors via EFT. Does QB have an EFT remittance letter it can automatically email out when you pay a vendor via EFT? To let the vendor know the payment details. I've searched everywhere and can't find anything. 

5 Comments 5
Tori B
QuickBooks Team

EFT remittance advice letter

Hey there, @tascott75

 

Thanks for reaching out to us here in the Community. 

 

At this time, there's no remittance letter to provide to your vendors. However, your vendors will be notified that they've been paid. I can see how having a remittance letter could be beneficial to you and your business. If you'd like, I can submit product feedback to our developer team, so this could be considered in a future update. 

 

Please let me know if there's anything else that I could do for you. You can always reach out to the Community or me anytime you find you need a helping hand. Take care and enjoy your day!

tascott75
Level 1

EFT remittance advice letter

Thank you for your response.

Yes, I think in today's world, paying via EFT or any digital way is going to be the primary form of payment. Everyone I receive EFT payments from always has a nice pdf remittance advice attached to the email. None of them must be using QB then?

 

You said that the vendor will be notified that they received payment. How is that done?

KlentB
Moderator

EFT remittance advice letter

Good day, tascott75.

 

I'm here to share some information about paying bills for vendors through direct deposit. 

 

If you're using QuickBooks Payroll and you've signed up and set up your vendors for direct deposit, you can use this feature to pay vendors and 1099 independent contractors. Every time you pay your vendors, the system will automatically send them an email notification about the payment.

 

Here’s how to sign up for direct deposit (if you haven't signed up to this feature yet):

 

  1. Go to Vendors from the top menu and open Vendor Center.
  2. Choose a vendor and double-click their name.
  3. On the Edit Vendor window, choose the Additional Info tab and select the Direct Deposit button.
  4. Once the Payroll Service Account Information opens, select the Activate link under Direct Deposit, next to 1099 Vendors for QuickBooks Desktop Basic, Standard and Enhanced.
  5. Enter your Direct Deposit Pin and select Continue.
  6. Follow the onscreen instructions until you get to the Confirmation screen. 

Then, we'll have to your vendor's bank information:

 

 

  1. Go to Vendors from the top menu and open the Vendor Center.
  2. Choose a vendor and double-click their name.
  3. Select the Additional Info tab and click the Direct Deposit button.
  4. Choose the Use Direct Deposit for: [Vendor Name] box. Enter your vendor’s bank account information.
  5. Place a checkmark on the box to select Send confirmation direct deposits to [email address] for Intuit to send an email confirming payment.
  6. When prompted, enter your direct deposit PIN.

Once you've completed the processes above, we can now start paying your bills for vendors through direct deposit.
 

If your vendor is not an independent contractor, I suggest signing up for QuickBooks Bill Pay as your payment service.

 

Do you have other questions in mind? Feel comfortable to leave them below. I'll make sure to get back to you as quickly as I can.

tsbaskets77
Level 1

EFT remittance advice letter

Totally agree with you.  We use our banking software to pay our vendors.  Sending out remittance is a lot of manual extra steps.  Would be nice to be able to set up reminttance/letters.  Quickbooks please add this feature

Kathy R1
Level 1

EFT remittance advice letter

Has Quick Books addressed this in Enterprise?

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