Creating bank accounts

  1. As payroll administrators, select Payroll > Administration > Setup.
  2. In the Bank pane, click Setup.
  3. On the Bank Accounts tab, click Create.
  4. Specify a bank account number and select a country or jurisdiction.
  5. For US accounts, specify an originating Depository Financial Institution (DFI) number, the check digit, and a description.
  6. For US accounts, specify this information:
    Sending Point DFI
    Specify the sending point DFI number and a description.
    Include Prenotes
    Select this check box to include prenotes in the ACH file.
    Create Label Records
    Select this check box to include header and trailer label records in the ACH file.
    Include Balanced Offset Debit Entry
    Select this check box to include a Record Type Code 6 entry detail debit record that uses transaction code 27 Automated Payment - Debit. This entry's debit amount equals the total of all credit entries, or employee 6 records, in the tape file. The file length for debit amount is 10 characters. Any amount over 10 numeric characters is dropped.
    Default PAYROLL in ACH Batch Header Company Entry Description
    Select this check box to automatically set the Company Entry Description value in the ACH Batch Header as Payroll.
    Entry Detail Records Per Batch
    Specify the number of entries to include in a single batch. The maximum number of entries per file is 9,999,999. Each file contains at least one batch of entries, including a batch header and batch control record.
    Batch Service Class Code
    Select the service class code. The default setting uses 200 or 220 based on a balanced option. The enhanced setting uses 200, 220, and 225 based on the entries in the batch.
    Company Discretionary Data
    If your company uses Company Specific Data, specify an alphanumeric value in this field. By default, this value is left empty.
  7. For Canadian accounts, specify this information:
    Client Number
    Specify the client ID that is assigned by the bank or bank and client.
    Destination Data Center
    Specify the destination data center that identifies the direct clearer and the location where the direct deposit file is processed.
    Settlement Institution
    Specify the bank identification number of the institution that settles the direct deposit transactions.
    Institution Identification Number For Returns
    Specify the bank identification number for the bank that operates as the institution for return items from the direct deposit transactions.
    Account Number For Returns
    Specify the account number to use for returned direct deposit items.
    Direct Deposit Option
    Select whether auto deposit is available for the entered bank account.
  8. Click Save.