Electronic payments to suppliers

We are doing so with a couple of vendors.....We are still on 5.0 and so have
patch worked a place for the bank's routing id. The software only provides
a place for the vendor's bank account number, no specified location for the
routing id.

I like electronic payments. We used to send 401k overnight via UPS or
FEDEX, now we e-mail contribution info and make the payment electronically -
still the same overnight type service only much cheaper. Nice savings,
fast, accurate.

In fact, A/P electronic payments are slicker than Payroll direct payments
BECAUSE all the hard copy checks print first, then the software tells you
to insert paper for the electronic payments and prints those checks
last!!!!! No wasted checks as we do in payroll. (yes, I have asked about
doing such a thing in payroll too......offhand, I don't have a number
but..........accounting support is friendly, professional, helpful and could
provide you with same.)

Deb Wilmoth
Controller
Reeder & Kline Machine Company, Inc.
Vantage 5.0



Anyone paying vendors electronically? If so how did you set it up? We are
thinking
of offering to pay in 5 days from receipt for a 3% discount. Any thoughts on
that also? Bob C Gasser & Sons




[Non-text portions of this message have been removed]
Anyone paying vendors electronically? If so how did you set it up? We are thinking
of offering to pay in 5 days from receipt for a 3% discount. Any thoughts on that also? Bob C Gasser & Sons


[Non-text portions of this message have been removed]
Let me know what Barstock Vendor who will let you take 3%.


-----Original Message-----
From: Robert Christian [mailto:bobc@...]
Sent: Monday, April 28, 2003 10:36 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Electronic payments to suppliers


Anyone paying vendors electronically? If so how did you set it up? We are
thinking
of offering to pay in 5 days from receipt for a 3% discount. Any thoughts on
that also? Bob C Gasser & Sons


[Non-text portions of this message have been removed]



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