Accounting: Direct Deposit

Banks require electronic delivery of payroll information by companies wishing to provide employees with direct deposit. Sage Master Builder supports the creation of ACH formatted files. Banks request ACH files to facilitate processing of Direct Deposits. When your bank receives the ACH file, they will extract records from the file and create individual files that are routed through ACH providers to the various employee banks.

Printed checks have a unique check number and an electronic deposit that corresponds to the patrol record number. Sage Master Builder users with checks preprinted with check numbers should run check runs in sequence.

Printing direct deposit payroll checks will print a non-negotiable check (to prevent cashing) and will supply the employee with a record of the payroll.