EFT Payment Process

This document outlines the basic EFT payment processing for Grants as viewed from a Grant Edge Classic (GE Classic) perspective. Note: Specific Financial Edge (FE) screens and processes will be discussed within this document, but the information should be validated through a Blackbaud FE consultant and if any conflicts occur, Blackbaud’s descriptions should be taken as accurate.

To process a grant payment as an Electronic Funds Transfer (EFT), the grant payment should be configured with a payment type of EFT. Although this can be done manually on any grant payment, the payment will default to a payment type (e.g. check, EFT, Transfer) according to the Grant type. For more information see Adding Grant Type and Codes. 

Setting Up a Fund for EFT:

1. Open FE > Accounts Payable > Records > Vendors.
2. Select the vendor to configure.
3. Fill in Bank Name, Routing Number and Account Number, additional fields if necessary.

Prior to processing the EFT payments, the payment options for the default bank needs to be setup. This document is focused on GE Classic, but if the user needs more information regarding the configuration of EFT payments, they should refer to the FE user guide or Knowledgebase.

Process an EFT Payment:

1. Open or start a new grant in GE Classic.
2. Open the Payment tab.
3. Open the payment that is to be an EFT.
4. The payment type will default according to the grant type. However, this payment type can be changed at any point up until the payment is put on a check run for processing. The user can select a payment method from the drop-down list, in this case, change the type to EFT.
5. See Check Run Processing to push this payment into FE.