CPA Requirements
All CPA payments must have a source account located within Canada and have a currency of CAD or USD (matching the currency of the intended payment).
NetSuite Vendor Requirements
Summary of Requirements:
- Company Name (Max 140 characters)
- Type (Company or Individual)
- A Canadian (CA) Address, without the use of the "override" feature
- Optional: Print on Check As (Max 140 characters)
The company name, type and address of the vendor are required to be populated. This information lives on the Vendor record and resides in default fields as part of the base NetSuite. The phone number is optional. It is unacceptable to use the "Override" feature on the address, as this can interfere with extracting accurate address information.
Print on Check As will be used as the vendor name when populated. This is the beneficiary name that will be transmitted in any remittance.
NetSuite Vendor Bank Account Requirements
For NetSuite users, the FISPAN Entity Bank Details bundle is required to process CPA payments through the plugin. To learn more about this bundle, use the menu on the left to navigate to the NetSuite Plugin Setup.
Once installed, this bundle can be accessed via the Vendor record under the tab: "Entity Bank Details."
Summary of Requirements:
- Method = Domestic
- Country = Canada
- Currency = CAD or USD
- Type of Accounts (default = Checking)
- Financial Institution Number is required (Exactly 3 digits)
- Transit Number is required (Exactly 5 digits)
- Account Number is required (Expected between 5 and 18 digits)
NetSuite Bill Requirements
In order to be eligible for payment, NetSuite bills must be in an OPEN state and marked as Approved.
Summary of Requirements:
- State = OPEN
- Approval Status = Approved
- For CPA payments, the billing address must be in Canada (CA) and the "Override" toggle may not be checked for the address on the bill.
- For CPA payments, only bills in CAD or USD are acceptable. The bill currency must match the source bank account.
- The Reference No. must be no greater than 30 characters.
- The Memo must be no greater than 140 characters, if provided.
