Create bank EFT files from a variety of accounting and payroll packages
Bank's Electronic Funds Transfer (EFT) file formats can be onerous to create if your accounting or payroll application does not support the specific format you require.
Even finding the specification for the file format can at times be difficult.
Mosaic's Bank File Maker supports a wide variety of file formats. It can convert from an accounting or payroll file format into the format required by your bank's EFT application.
We have already developed templates for dozens of bank file formats including Bacs, Winbits, HSBC, Royal Bank of Scotland (Royline), Barclays business Master to name but a few. Without a means of converting file formats you are often left with no choice other than to manually
enter the data into the bank's EFT application. This can be both time consuming and tedious but it is also prone to error.
Once the appropriate filters are set up in FileMaker, it becomes a one button operation to make your file
when you need it, completely avoiding the time consuming task of manually entering data into the Bank's payment software.
Many accounting software packages do not provide a comprehensive set of file formats for transferring data from the accounts package into your bank's payment software.
Often the only option you have is to manually rekey the payments. FileMaker performs conversions from one file format to another.