Direct deposit allows your employees to have their paychecks deposited directly into their bank account. Banks require electronic delivery of payroll information by companies wanting to provide employees with direct deposit. Sage 100 Contractor supports the creation of a file in automatic clearing house (ACH) format. You can then send this file to your bank. Your bank will extract records from the file and create files that are routed through ACH providers to the various employee banks.
Two documents can be created during a direct deposit run: the Direct Deposit File and the Direct Deposit File Report.
Printed checks have a unique check number and an electronic deposit number that correspond to the payroll record number. Sage 100 Contractor users with checks pre-printed with check numbers should process check runs in sequence.
Printing direct deposit payroll checks creates and prints a non-negotiable check and supplies the employee with a record of the payroll. You have three options for printing direct deposit checks in 5-2-4 Payroll Checks.
Direct deposit is limited to employee payroll. Sage 100 Contractor does not support electronic payment or electronic transfer of funds for such things as:
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About setting up direct deposit About Direct Deposit File Manager Setting up company information for direct deposit Setting up employee records for direct deposit |
For additional online resources for Sage 100 Contractor products, visit the Sage Customer Portal. Use the portal to access the knowledgebase, chat online with customer support, or enter a customer support ticket.
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