We are going to start paying certain vendors by EFT. Our plan is to use TD’s online Business Banking site, as we do for payroll. How do we post invoice payments without printing a cq, and without using a separate add on such as TelPay? For our payroll we use PayDirt software to enter all pay information, and we import that to Adagio. We take the net pay amounts and enter those online at TD’s Web Business Banking to process payroll EFTs. We would like to try the same system for Vendor EFTs: process invoices, manually enter payments to TD’s Web Business Banking, and show invoices as paid,

I searched online and see one (old) suggestion:
To make A/P payments directly through an EFT transfer, when A/P needs a Cheque # for every cheque that is issued but real cheques are not being issued, create a separate bank for the EFT which uses the same GL bank account, then do a transfer from the regular bank to the EFT bank. This would also match to the bank statement which would show one consolidated payment coming out.