Accounting · Odoo glossary
Electronic Funds Transfer (EFT)
Moving money between accounts electronically through a banking or payment network.
Definition
In general ERP practice
Moving money between accounts electronically through a banking or payment network.
In Odoo
In an Odoo implementation, Creating a payment record or exporting a bank file is distinct from the bank executing and settling the transfer. Reconcile the confirmed result.
References and further reading
Official background for the related subject and implementation context.
Related glossary terms
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