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Direct deposit

Process billing impound ACH files using Kotapay

You can use Kotapay to get professional fees from your clients via funded ACH files.
Follow these steps if Kotapay asks you to include the code
CCDBILL IMPD
 in the batch header of your direct deposit file.
To include the billing transaction in the CCDBILL IMPD section of the ACH file:
  • Turn on impound for the Firm Vendor.
  • Make sure the batch header record (record type 5) lists your firm's Employer Identification Number (EIN) in the company identification position (41-50).

Turn on impound for the firm vendor

Follow these steps to turn on impound for a client. If you get fees from multiple clients through Kotapay, you need to follow these steps for each client.
  1. Select
    Setup
    ,
    Clients
    , then the specific client.
  2. Select
    Edit
    , then the
    Impound
     tab.
  3. Mark the
    Firm Vendor
     checkbox. Select the account where you want to deposit your fees.
  4. Select
    Enter
     to save your changes.

Process fees, create the ACH file, and transmit to Kotapay

Once you've assessed and finalized fees for your client, follow these steps to process the direct deposit transaction, create the ACH file, and transmit it to Kotapay.
  1. Select
    Actions
    , then
    Process Direct Deposit
    .
  2. Select
    Funding
    .
  3. Select the fees you want to process, then
    Process
    .
  4. Select
    Done
    .
  5. Select the transactions that include your billing fees, then
    Create Files
     to create the ACH file and transmit it to Kotapay.

This article applies to:

  • Product: Accounting CS
  • Subject: Direct deposit

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