Go "Green" and Save with the New E-Payment Module

FBS users have a new option for bill-paying that eliminates checks, envelopes, stamps and wire transfer costs. It's called the E-Payment Module, and it creates secure ACH transactions through your bank.

For many years FBS clients have requested some type of online banking function. Most general accounting programs can import payment transactions created on their bank's website; however, the problem with that approach is that no account, center, division, quantity or description detail can be coded. A generic "default" account for each vendor may be adequate for a check register but not for a farm accounting database like TransAction Plus.

That's why we chose to follow the ACH (Automated Clearing House) format developed by the NACHA, the Electronic Payment Association used by 15,000 depository financial institutions. This is the same system used to create direct payroll deposits and business-to-business payments.

The E-Payment Module converts standard FBS accounting transactions into electronic NACHA files that can be transmitted through your financial institution's website. In that way no detail is lost or has to be reentered "after the fact." For efficient batch operation we recommend that it be connected with Accounts Payable.

For more information or to schedule a demo, contact sales@fbssystems.com