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Direct Deposit can handle all your employees' paycheck demands. Quick and easy,
with multiple bank accounts allowed. Make your day a little less hectic. |
The Payroll Direct Deposit program automatically deposits the enrolled employee’s
net pay to their bank account. It creates an ACH (Automatic Clearing House) file
which your bank will use to deposit amounts into the employee’s bank accounts.
This file can be transferred to a bank via diskette, modem, or email. The ACH
file contains the employee name, number, bank account information (multiple bank
accounts are allowed), and the deposit amount.
Contact your bank to learn which method of transfer is preferred.
The interface with Payroll is easy. Two to three days before the pay
date, run the Payroll Direct Deposit program to create the ACH file,
then send it to the bank.
When the bank processes the ACH file, the money from the organization’s
account is transferred to the bank account(s) designated by the employee. The
Payroll, in turn, prints a voided check or voucher with a detailed stub
for direct deposit employees
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- Multiple accounts for individual employees
- Account type flags for checking and savings
- Bank header screen for bank’s requested file layout (easy setup)
- Pre notification for initial test
- Confirmation report for file detail
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| Payroll Checks Can Be: |
- Run together for direct deposit participants and non-participants
- Printed on blank paper if all employees are participants
- Run separately
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| Pay Deposits By: |
- Amount
- Percentage
- Combination
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