Direct Deposit Payment Processing

Direct deposit payment processing allows you to pay your suppliers via direct deposit. Apprise allows you to export direct deposit payment files, which you can then electronically transfer to a supplier's bank.

To use direct deposit payment processing, perform the following setup steps:

  1. In Bank Extract Format Maintenance, create bank extract formats based on the specifications of the banks from which you will pay by direct deposit.

  2. In Bank Code Maintenance, set up banks, and set up direct deposit settings for the banks in the Direct Deposit Payment Processing section on the Options tab.

  3. In Account Maintenance, for each cash account that will be used for direct deposits, enter bank account information. On the Bank Information tab, enter the bank account number, name, and bank code. Enter an IBAN or ABA routing number. If necessary, you can also enter additional bank information in the user-defined fields on the Bank User Fields tab.

  4. In Supplier Bank Account Maintenance, enter the bank account number, name, and routing numbers for the bank account associated with each supplier remit-to address to which you will pay via direct deposit.

To process direct deposits, create vouchers with a payment method of Direct Deposit., and then process the vouchers. You can export the direct deposit payment processing files in Direct Deposit Payment Entry, and then complete the payment process.