#405 Accounts payable direct deposit
Use the Accounts Payable Direct Deposit for those vendors who have given authorization to deposit directly into their bank account. You enter the vendor's bank account and routing number in their master file. The agency information is set up under Tools, Organization and AP Direct Deposit. Here you can designate if you want pre-noted vendors to automatically be switched to live after one check has been issued to them. However, if you don't think you will get a confirmation from all banks requiring the pre-note process prior to running the next accounts payable process, you would not want to designate the automatic updating. Once they are approved by the bank through the pre-noting process, you can change their direct deposit status to active in the vendor master file and no more checks will be written for those vendors. Accounts payable processing and related reports remain basically the same, plus a file is formed for transmittal to the bank. Optional check stubs may be printed for direct deposit vendors if desired. The General Ledger and other reports that document check numbers will be referenced as DD and the negative record number.
# Licensed Users
1 - 2 Users
3 - 4 Users