Funding firm vendor transactions

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Change to CS Support service hours

Our Support department is closed on Friday, April 28th for a company event. However, limited Accounting CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline for quarterly payroll tax forms.

Links to our most popular payroll tax processing topics are available in the Alerts and notices section on the right side of most pages.

For live payroll processing only

To fund transactions to the firm vendor, follow these steps.

  1. Print an invoice to generate an open liability to the firm vendor.
  2. Choose Actions > Process Direct Deposit.
  3. In the Process Direct Deposit screen, click the Funding button.
  4. In the Funding dialog, mark the checkboxes next to all the transactions for which you want to create ACH files. Click the plus and minus signs to expand and collapse the transaction lists.

    Note: You can choose to select or deselect all transactions by right-clicking anywhere within the screen.

  5. With all appropriate transactions selected, click the Process button.
  6. Click Done to close the Funding dialog.
  7. In the Process Direct Deposit screen, the funded transactions are selected by default. Mark the checkboxes next to any other transactions for which you want to create ACH files. Click the plus and minus signs to expand and collapse the transaction lists.

    Notes

    • You can choose to select or deselect all transactions by right-clicking anywhere within the screen.
    • To display the funding details (fund type, payee, and amount) of transactions associated with funds, select the transactions and click the View Funding Detail button.
    • By default, after transactions are processed in the Funding dialog, the application automatically selects those funding transactions in the Process Direct Deposit grid when the Funding dialog closes, making it easy to immediately process ACH files. If you want the application to also select any associated transaction amounts, mark the Automatically select associated direct deposit transactions after processing funding transactions checkbox in the Process Direct Deposit Options dialog.
  8. With all appropriate transactions selected, click the Create Files button.
  9. In the Process Direct Deposit File dialog, you can view the information that will go into the header records for the ACH files. The only field you can modify is the File Name field. To accept the information and create the ACH files, click OK.
  10. Transmit the ACH file to your financial institution to complete the funding.

    Note: Because this funding is related to a payment to the firm vendor, there is no need to print a check to the firm vendor from the impound bank account. Because the fund transaction has paid the firm vendor, the unprinted checks or open liabilities to the firm vendor are closed and will not display in the Print Checks screen.


See also: Impound overview

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