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Use the Direct Deposit tab of the Vendors screen to specify direct deposit allocation for vendors.
Choose Setup > Vendors and then click the Direct Deposit tab.
Fields & buttons
For vendors, net pay is either printed as a check or direct deposited. Partial direct deposit is not supported for vendors.
Specify the following direct deposit allocation information.
- Base allocation percentage calculations on: Choose either Total distribution or Remainder of distribution. View an example of .
Example
The following is an example of the two different distribution methods (total distribution vs. remainder of distribution) for direct deposit amounts for vendors.
With a net pay of $3,000.00:
|
Total |
Remainder |
Savings = Amount $1,000.00 |
$1,000.00 |
$1,000.00 |
Checking 1 = Percent 80% |
$2,000.00 |
$1,600.00 |
Checking 2 = Percent 20% or blank |
|
$400.00 |
The last allocation in the Direct deposit allocation grid with an "Approved" status will always use all the remaining funds, regardless of the Amount/Percent setup.
- Direct deposit allocation grid. Use the grid to specify the bank information to be used. You can use the , and buttons to delete or move rows in the grid.
- Paycard recipient. If the vendor is a paycard recipient, mark the checkbox.