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AR Banking Account Type

Received Response
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edited Sep 25, 2020 9:56PM in Receivables & Collections 2 comments

Summary

Must Account Type be Selected if Checking

Content

Hello:  We are new to AR ACH Auto Receipts and had a situation where one month an ACH was processed by the bank and the next month it was rejected.  We know previously when it was done manually thru the bank it rejected because the bank said it was supposed to come out of savings and the ACH had it going out of the checking.  We did not know there was an account type on the edit bank account under add'l information.   My question: is best practice to always enter the account type?  I assume it was defaulting to checking;

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