Positive pay file preparation

Hello,

Positive Pay is usually bank-specific. Different banks have different requirements.

The first step is to request specs from your bank: the specs define the fields needed, in what order, the file type, etc.

Next, in Acumatica, a generic inquiry or report is prepared, including check fields like check type, number, vendor, amount, etc. to match the requirements of your bank. The inquiry will include filters based on date and/or check numbers, branch, etc.

The resulting files are sent to the bank - first for approval of your layout, then on a regular basis as new checks are processed.