Error: Unable to process funding for client and vendor because withdrawal bank account is invalid

Scenario

You may get the following error message when you try to fund the firm vendor funding on the

Funding

screen.

Error message

Unable to process funding for client [Client Name] and vendor [Vendor Name] because the withdrawal bank account is invalid.

A bank account isn't selected in the Payment Preference section of the Vendor setup.

Select Setup
then the

Vendors

screen.

Go to the Main
tab then the Payment Preferences section.

Select a bank account.