THIS OPTION REQUIRES YOU TO HAVE THE GL ACH MODULE.

Why should you use these options? It allows management to maintain strict internal controls over the Revenue ACH/Wire disbursements. Eliminate the need to send each owner's monies to an ACH Clearing account and then extract for ACH. The Revenue cycle can now be set up to create separate ACH and Wire/Direct Deposit files.

Setup

1. To enable this option, go to the Revenue/Billing module > Company Master > Cycle tab. Check the box for Wire and Dir Deposit (ACH) Payments in Revenue/Billing Cycle Enabled.
2. Bank Account Master > ACH tab
   If you will be sending payments via ACH files, set up the ACH tab on all applicable bank codes. Set up all the routing and account information per your bank's instructions.
3. Owner Master
   When you select the above company option, you will see additional payment methods to be defined on the Owner Master. Instead of just a check and credit account payment method, you will have the option to set the owner up to receive a direct deposit or a wire. When you select either the direct deposit or the Wire option, the ACH/WIRE options open up.
   To add an existing bank routing number, use the drop-down menu in the field next to the Bank button. If the routing number does not exist, click on the Bank button, which will pull up the ACH Bank Account Maintenance screen. Select the Add button to add a new bank code, bank name, and either one or both routing numbers based on which you will be using for that bank.
   

Move set up from GL ACH

This step is only needed if you have been paying the owners through GL ACH and now want to change it to Rev/Bill ACH

A mass change utility is located in the Owner Master > Utilities button to help facilitate the efficient migration of Payment Methods (e.g., changing the payment method from Credit Account to Direct Deposit).

NOTE: If you previously used GL ACH, you no longer need to designate the number of days due in order to generate a payment.

Wire Setup - optional

Set the Wire File Format for the bank accounts that will participate in sending wires. The file will use the Origin bank account # and routing # from the MICR tab.