About Direct Deposit File Manager
Setting up company information for direct deposit
Setting up employee records for direct deposit
About setting up direct deposit
Before you set up and process direct deposit
- Obtain the account and routing numbers from each employee for the bank accounts into which they want their pay cheque deposited.
- Contact your bank to determine any delivery requirements, including encryption, additional file format requirements, or other requirements specific to an individual bank.
Setting up direct deposit involves entering information in two windows, 7-1 Company Information and 5-2-1 Employees.
Under Payroll Direct Deposit Setup in the 7-1 Company Information window, you set up the parameters that control the movement of information between your company and your bank. This is where you enter your company originator ID, destination data centre, and any options required by your bank.
Caution! Whenever any changes are made to your direct deposit file format by changing any of the formatting options, you should contact your bank and request a retest to be sure your bank is ready for the changes.
You can set up direct deposit of pay cheques using the Direct Deposit tab in 5-2-1 Employees. The employee must provide you with the following information for each account to which he or she wants funds deposited:
- Sage 100 Contractor does not support an employee receiving a combination of direct deposit and a physical pay cheque.
- Account status is set by the payroll administrator. It is not provided by the employee.