Electronic Funds Transfers in Sage Intacct and Dynamics-GP allow you to generate files which your bank accepts as instructions to make payments on behalf of your organization. The process in the accounting system is similar to making traditional check payments. Bills are entered into the Accounting System without regard to whether they will be paid by Check or EFT.  Once the Bills are approved and posted they are available for Payment. After the Bill is selected to be paid a file is sent, via a manual upload to your Bank. The Vendor can optionally be notified by E-mail that a deposit is being made to their bank account.