Electronic Bank Payment SuiteApp version 2021.1 is now enhancing supports in payment modules. The enhancements include these following features:
- Support for Vendor Prepayments:
- Vendor Prepayment Transactions from Instant Bank File (IBF) generation page of Electronic bank payments bundle.
- You can also generate Positive pay file for Vendor prepayment checks.
- Primary Bank for each Subsidiary:
- As of 2021.1, for multi-subsidiary customer and vendor accounts, you will be able to assign a primary bank to each subsidiary.
- The Entity Bank Details page will be renamed to Bank Details, and a new dropdown field, Subsidiary, will be added to this page.
This Prepayment feature also works independently and running differently from the centralized payment feature. Hence no dependency.
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