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Direct deposit

Set up a vendor or agent to receive direct deposit payments

To make direct deposit payments to a vendor or agent, enter direct deposit information in the
Direct Deposit
 tab.
  1. Select
    Setup
    , then
    Vendors
    .
  2. Select the vendor.
  3. Go to the
    Main
     tab and set the method to
    Direct Deposit
    .
  4. If the vendor isn't a tax agent and will use International ACH Transactions (IAT), you'll need to complete all of the
    Addresses
     section of the
    Main
     tab.
  5. Go to the
    Direct Deposit
     tab.
  6. You can deposit vendor checks directly to one or more accounts. Choose whether to base the allocation percentage calculation on the
    total distribution amount
     or the
    remainder of the distribution
    .
  7. Select the
    Bank
    .
  8. Enter the account number, account type, and amount or percent of the deposit amount to go into this account.
  9. Enter the status of the vendor's direct deposit information.
  10. If the vendor is not a tax agent and will use International ACH Transactions (IAT), you'll need to do the following:
    1. Select the ellipsis button in the IAT column.
    2. Specify that this direct deposit allocation uses
      International format
      .
    3. Set up the
      US gateway operator
       and
      destination country
       information.
  11. For new information in the grid, set the
    Status
     to
    Prenote
    .
  12. If the vendor/agent is a paycard recipient, mark the
    Paycard recipient
     checkbox.
  13. If this vendor is an agent to whom you will make tax payments:
    1. Enter information in the
      Direct Deposit Tax Payment Additional Information
       section.
    2. If you need to change the
      State/local amount type code 1, 2, 3
       from its default
      T
       code, select the
      ellipsis
       button.

This article applies to:

  • Product: Accounting CS Client Access
  • Subject: Direct deposit

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