An ABA file allows you to process batch payment using your online banking facility.
Please note that you'll need to set your online banking facility to accept ABA files before you can use them. Please contact your bank for more information.
An ABA file contains a simple summary of all creditors with their bank account details and amounts that they will be paid.
By creditors, we mean the property owners, suppliers and contractors (if you created their record accordingly - click here to find out more) and yourselves as property managers - for all fees that will be paid to you.
For owners and your trading account - the record is created at the time of disbursing funds.
For suppliers and contractors - the record is created at the time of confirming an invoice (making invoice active)
To generate the ABA file go to Reports > ABA report
The ABA report will be cleared with the moment you download the file. From that moment, a new ABA file will be created.
