Thank you Mark for the quick response, and I do appreciate it very much. However, if you could clarify a point of concern I still have, I'd be truly grateful:
In order to send the file to the Bank, I need to post the payments through Cash Receipts, even though I have not yet received the payments; It is somewhat contrary to my way of thinking. It is true that the Customers have enrolled themselves in this scheme, and have authorized the company, and therefore the bank, to automatically debit their account; It is also true that the timeliness and assurance of collecting those funds are advantageous to the company.
Would it not make greater sense however, if we could generate the EFT File to the bank, based on the posted EFT batch of Invoices, and applying the Cash Receipts AFTER the Bank confirms the receipt and deposit of funds into the company's account? To me, the current practice is somewhat akin to 'putting the cart before the horse' analogy;
I am an avid follower of yours and value your great insights and input, but the logic still eludes me, and would greatly appreciate your thoughts on it. I do understand, you are describing the process, as it is currently designed, and my question still is, 'Is it the best way to handle this feature?'
If there are others who are troubled, as I am, I would appreciate your comments!
Thanks & Regards,
David.