CPA Requirements

cpa payments are used to move funds within canada all transfers must be in cad or usd these are also known colloquially as eft payments for netsuite users, the entity bank details bundle is required to process cpa payments through the plugin vendor and bill requirements to prevent payment delays or returns, all payments are required to have the following requirements vendor record the entity's full name, address, and phone number must be accurately populated on the vendor record billing address and location the entity and bill (if applicable) billing addresses must be located in the country of destination and must match the country specified in the entity bank details record currency the currency of the bill must match the source account the currency of the entity bill must be in usd if a usd source account is being used to pay the entity the currency of the entity bill must be in cad if a cad source account is being used to pay the entity payment requirements by currency additional requirements may apply depending on the currency please review the currency specific requirements below cad payment context method domestic country canada currency cad requirements financial institution number is mandatory branch transit number is mandatory account number is mandatory usd payment context method domestic country canada currency usd requirements financial institution number is mandatory branch transit number is mandatory account number is mandatory cpa via netsuite 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