Before you begin to set up and process direct deposit, consider the following:
Setting up direct deposit involves entering information in two windows, 7-2 Company Information and 5-2-1 Employees.
Under Payroll Direct Deposit Setup in the 7-2 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 bank account number, routing number, and account type, which is either checking or savings. There are also three check boxes located under Account Type that specify the format of the file type sent to the 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
About Direct Deposit File Manager Setting up company information for direct deposit Setting up employee records for direct deposit |
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