Processing direct deposit
It is important to establish a routine for direct deposit entry. If you are unfamiliar with direct deposit entry or do not have a standard set of procedures, use the following guidelines to help you through the process. You may not need to perform every step outlined.
Pay stubs for employees that are set up for direct deposit are processed individually when you process payroll checks through 5-2-4 Report Printing, Sage 100 Contractor. For each pay stub, the program creates a PDF file that is password-protected with the last four digits of the employee’s social security number.
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.
To process direct deposit payroll:
|
1
|
Enter your company's direct deposit information in the Payroll Direct Deposit Setup tab of 7-1 Company Information. |
Note: Only Account#, Account Type, and Routing# are required entries in this section. Optional information should be entered as required by your financial institution.
|
2
|
Open 5-2-1 Employees, and then enter the direct deposit information on the Direct Deposit tab. |
|
3
|
Open 5-2-2 Payroll Records, and then enter timecards. |
|
4
|
Open 5-2-3 Compute Payroll, and then enter record criteria. |
|
5
|
To print a check register for reviewing purposes, open 5-1-2 Payroll Check Register, and then: |
|
a
|
Select either the print a check register for direct deposit records only or the printed check records only check box. |
|
6
|
Open 5-2-4 Payroll Checks, and then: |
|
a
|
Print check stubs and non-negotiable checks. |
|
b
|
Specify a check date when prompted. |
|
c
|
Assign check numbers when prompted. |
|
7
|
Open 5-2-5 Direct Deposit File Manager, and then: |
|
a
|
Enter the batch criteria to create a direct deposit file, or on the Options menu, click Retract a Direct Deposit Batch to retract a direct deposit batch. |
|
b
|
Select the destination for the direct deposit data. The default destination is the Direct Deposit folder under the company name. You can accept the default name or create your own. |
|
8
|
Open 5-1-2 Payroll Check Register, select the register you want to print, and then print a file copy. |
|
9
|
Open 5-2-6 Post Payroll to GL, and then post payroll. |
More resources
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.
For additional training on Sage products, visit Sage University.