Deltek Vantagepoint Help

Using the Help Search
Using the Help Search
  • Phrase:Returns all topics that contain the exact phrase in the search criteria. Use quotation marks around the phrase.
    Ex."system administration"
  • And:Returns all topics that contain all the words in the search criteria, in any combination. Insert a plus sign between all words in the search criteria.
    Ex.system + administration
  • Or:Returns all topics with any combination of words in the search criteria. This is the default.
    Ex.system administration
For more information:Searching Online Help

Process Payroll Direct Deposit/Electronic Funds Transfer

After you process payroll and print payments, you can process payroll direct deposits/electronic funds transfer.

Prerequisite: Before you process payroll direct deposit/electronic funds transfer, configure the relevant settings on the Payroll Settings form in the desktop application and the Employees hub. For more information, see Checklist: Setting Up Payroll Direct Deposit/Electronic Funds Transfer.

To process payroll direct deposit:

  1. In the Navigation pane, select Payroll > Payroll Payments.
  2. On the Payroll Payments form, do one of the following:
    • In the Payment run search, select a payment run with a status of Processed <x> employees.
    • Click + New Payment Run. Complete the form and make sure that Create Checks Instead of Direct Deposits for This Run is cleared (not selected) when you create a new payment run.
  3. Process payroll payments and print payments for the payment run.
    For more information, see step 3 of Run a Regular Payroll.
  4. In the Effective Entry Date field on the Electronic Funds Transfer form, enter the date on which entries are to be posted to employee accounts.
  5. In the Electronic Funds Transfer grid, select a payroll run to process.
  6. On the Actions bar, click Bank Settings.
    Vantagepoint opens a new browser window and displays the Bank Code form of the bank selected for the payroll payment run.
  7. Click the NACHA File Format tab and specify the options for the Electronic Funds Transfer file.
    For more information, see NACHA File Format Tab of the Banks Settings Form.
  8. On the toolbar of the Electronic Funds Transfer grid, click Print.
    Vantagepoint opens a new browser window and displays the Direct Deposit report, which you use to review employees and amounts to be processed.
  9. On the grid toolbar, click Process Transfer.
  10. On the Download Electronic Funds Transfer Files dialog box, select the file that you want to create.
  11. Click Download.
    Vantagepoint downloads the file to your computer. You can now send the file to the bank, for the crediting of the payroll amounts processed.
  12. When everything is finalized, click Close Payment Run on the Actions bar of the Payroll Payments form.