Australian EFT payments and Bank Account Reconciliation

1-Week Implementation

Are you looking for assistance with implementing Australian EFT payments and bank account reconciliation in Microsoft Dynamics 365 Finance and Supply Chain Management?

Our packaged service will provide all you need to meet Australian banking requirements and enable EFT payments and bank account reconciliation.






What payment methods are used in Australia?

The most common payment method for Australian businesses is electronic funds transfer (EFT). The four main Australian banks all support upload of payment files in the same format.

National Australia Bank
Commonwealth Bank
ANZ Bank
Westpac
Businesses also make payments via BPAY and cheque.

Businesses also make payments via BPAY and cheque.


Manual and auto bank reconciliation functions

The four main Australian banks all support the BAI2 bank statement file format used with the advanced bank reconciliation process.

Auto bank reconciliation worksheet

Auto bank reconciliation worksheet.


Why engage us?

We have extensive experience in working with companies to address their local Australian requirements.

For who?

Companies that want to implement for Australian entities or expand their business to Australia.

EFT and Bank Reconciliation

OUTCOMES:

  • Gain an understanding of how to make EFT payments and the different methods of performing bank reconciliations.
  • Complete the configuration required to perform EFT payments and bank reconciliation processes in a test environment.
  • Enable your team to complete the configuration of any additional Australian entities, finalise testing, and deploy to the production environment.

DELIVERY SCOPE:

  • Training and consultation.
  • Configuration in one legal entity.
  • Assistance with the EFT payment run and statement reconciliation.

PREREQUISITES:

These prerequisites are recommendations and, whilst not required, are highly advised to ensure a successful learning experience.

  • General knowledge and understanding of basic accounting and financial processes is helpful.
  • Access to a Dynamics 365 Finance and Supply Chain Management or AX 2012 test environment.


DELIVERY METHOD:

  • Services are delivered remotely.
  • Onsite services available upon request (travel charges apply).

Note: This service is only delivered in English.

PRICE:

  • The price, USD 2,900 (excluding GST), is based on services delivered remotely.

Please contact us if onsite delivery is preferred.


Service Structure

For detailed service information, please refer to our GUIDEBOOK.

Consultation

Consultation

PA will work with you to understand your business requirements and project status in order to plan the implementation.

Training

Training

  • EFT payment overview.
  • EFT payment configuration.
  • Generate EFT payment files.
  • Bank reconciliation overview.
  • Bank reconciliation configuration.
  • Bank reconciliation processing and reporting.
Configuration

Configuration

Configuration of EFT payments and bank reconciliation in a test environment.

Assistance

Assistance

PA will assist you during your user acceptance testing and when performing your first live EFT payments and bank reconciliation.

Note: Please contact us if you would like us to configure more than one legal entity or environment. 

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Why choose Professional Advantage?

Professional Advantage is a highly experienced provider and implementer of leading business systems and can guide you through the process of implementing Dynamics 365 for Finance and Supply Chain Management within your organisation.

As a preferred Microsoft partner, Professional Advantage supports Microsoft Dynamics AX and assists clients in the transition process to Dynamics 365 for Finance and Supply Chain Management.

We bring more than 30 years of industry and technical expertise to our IT projects backed by our growing team of certified and experienced developers, architects, project managers, and change managers. Our growing list of verifiable projects and client references speak of our track record and the quality of our engagement and project delivery.

We have a demonstrable track record of professional excellence helping our clients achieve their business objectives, and our clients report strong benefits from the projects we have executed.

Our philosophy is one of continued specialisation in business management solutions, client service excellence, and to be a trusted business partner.