EFT > Payment Processing > Accounts Payable Account is not available on the dropdown

Whey a user navigates to Payment > Payment Processing > Bill Payment Processing to pay bills using EFT and no Accounts Payable account is available in the dropdown, the following needs to checked:

1. User has Open Bills.

2. Verify that the Vendor is enabled for EFT.  Open the Vendor Record > Bank Payment Details tab > Bill Payment by EFT? should be checked.

Accounts Payable account will not be available if user does not have open Bills to be paid through EFT.