Why EFT for Receivables?
EFT is Electronic Funds Transfer. Money is transferred directly between banks, removing the need for a physical check to be sent and received to start the transfer of money. This enables the direct receipt of payments from your customer’s bank accounts. No need to wait for a customer to make check run or wait for the check in the mail. Entries are made directly in Microsoft Dynamics 365 Business Central and the EFT file are generated and are then available uploaded to your bank.