Record Bank Draft for Multiple Invoices

A bank draft is a payment your bank processes automatically, such as a monthly utility payment. You can record a bank draft for an invoice to reflect the amount withdrawn directly from your bank account.

Save time by paying multiple invoices using a single bank draft instead of creating one bank draft per invoice. When you pay by bank draft from a bank account, you can view and select from a list of approved invoices that are ready for payment.

1. From Treasury, Bank accounts, pay multiple invoices in the following ways:

   • From the list of bank accounts, select Process payments from a bank account's menu.

   • From a bank account record, under Pay invoices, select Process payments, then select Bank draft.

2. From the Generate bank drafts screen, select the invoices you want to pay.

   Tip: If an expected invoice doesn't display in the list of approved invoices, we recommend you verify the date range you selected. Ensure the appropriate bank account is selected in the Pay invoices from this account field on the vendor record, then confirm the invoice is approved.

3. To partially pay an invoice, decrease the amount in the Payment amount field.

4. After you choose the invoices you want to pay, select Generate bank drafts.

   Invoice statuses change to Paid and associated payment records are created.