Setting the Vendor for EFT payments, one of the fields on the EFT tab is: Transaction Type.

I am not sure how this field is used.
Does it really matter what is selected?
Or, can we enter “452 Expense Payment” or “460 Accounts Payable” for all the vendors?

Hello Sam,

Whether the field is used depends on the EFT Batch Format selected on the EFT Provider.

Yes, you can enter 460 or 452 for all the Canadian Vendors.

Thank you for your quick response.