Checklist: Setting Up Payroll Direct Deposit/Electronic Funds Transfer
If you are new to the Payroll Direct Deposit/Electronic Funds Transfer feature, review a checklist to guide you through the process.
Step | Description | Location |
---|---|---|
1 | Determine if net payroll should be posted directly to the employee's bank.
Enable the Post net payroll directly to bank option. |
General tab of the Payroll Setup form in
For more information, go to General Tab of the Payroll Setup Form. |
in the desktop application.
2 | Determine whether bonus and adjustment runs should be directly deposited.
Enable the Direct deposit for bonus/adjustments option. |
General tab of the Payroll Setup form in
For more information, go to General Tab of the Payroll Setup Form. |
in the desktop application.
3 | Determine whether or not Social Security numbers print on the direct deposit report and ACH files.
Enable the Print Social Security number on journals and direct deposit reports/files option. |
General tab of the Payroll Setup form in
For more information, go to General Tab of the Payroll Setup Form. |
in the desktop application.
4 | Set up enterprise-wide direct deposit information, such as ACH origination numbers. | NACHA File Format tab of
For more information, go to NACHA File Format Tab of the Banks Settings Form. |
.
5 | Set up direct deposit information for each employee.
You can specify both payroll direct deposit and expense payment direct deposit information for a single account on the same row on the Direct Deposit grid. You do not have to complete the Expense Repayments Method and Expense Repayments Amount/Percent fields if you plan to process only payroll direct deposits. |
Direct Deposit grid of the Accounting tab in the Employees hub in
For more information, go to Employees Accounting Tab. |
6 | Complete an initial direct deposit (pre-note) with a minimal amount for each employee. | Select a Processed Payment run with a minimal amount override and make changes on the Electronic Funds Transfer (EFT) form in | .