For those of you awaiting key EFT enhancements in Microsoft Dynamics GP, here is a bit of news published back in July — a bit late, but still worth sharing.
The National Automated Clearing House Association (NACHA) and Office of Foreign Assets Control (OFAC) have published new specifications for International ACH Transactions (IAT). As of September 18, 2009 the new IAT code will need to be in place that requires participants to identify international transitions and to code these transactions as IAT transactions.
Additional information regarding the specification can be found at
Microsoft Dynamics GP 10 will support the new International ACH Transaction (IAT) ACH format changes with the release of Microsoft Dynamics GP 10 service pack 4. The electronic file transfer (EFT) formats will be changed for Microsoft Dynamics GP Payables and Receivables modules.
Note: The Royal Bank of Canada file format specification changes will also be included in 10 service pack 4.
The latest word on service pack 4 is that it will be available on the week of August 24.
Until next post!
Mariano Gomez, MIS
Maximum Global Business, LLC