Payroll Direct Deposit-Marketer Accounting Module

Overview
If your bank can process electronic payroll records imported from third-party software such as AIMS Payroll 8.0, then your employees' paychecks can be deposited directly into their checking accounts.

SET UP

Function

Description

Employee File Maintenance

Employee EFT Records

Company EFT Record

Select 'Y' for Pay by EFT? field

For each employee, set up the following:

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—
—

Bank name(s)
Account number(s)
How pay is to be deposited; Combinations allowed are:
   —100% or total amount to either checking or savings
   —% to savings; remaining % to checking
   —Amount to either savings or checking; remaining amount to
      the other

Set up bank routing information for each company

PROCESSING
In addition to regular payroll processing

Function

Description

Generate EFT File

Transmit File to Bank

Takes place of actual check printing

Send the EFT file to your bank via communications software provided by your bank or by email

REPORTING
In addition to regular payroll reporting

Function

Description

Employee EFT History Report

Recap of employees' EFT history information


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