Setting up vendors for impound

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Important reminder!

Licenses for Payroll CS, Trial Balance CS, and Write-Up CS (but not Engagement CS) permanently expired on March 1, 2017. CSA will not include 2017 tax rates or payroll forms, so, for 2017 and beyond, you will need to process payroll in another application. We recommend Accounting CS Payroll and myPay Solutions. For more information, see the following topics.

InterceptEFT requires specification of the payment type for transactions being funded for each vendor. For vendors, the three payment types available are 1099 Payments, Tax Deposit payments, and Commercial - other. This field displays only when an Impound checkbook has been specified for the client and either the Standard - 3 day or Premium - 4 day processing window has been chosen in the Processing window group box in the Direct Deposit tab of the Client Properties dialog.

Disclaimer: InterceptEFT is an unaffiliated third party that some of our customers have engaged to provide direct deposit, tax payments, ACH processing, or credit card merchant services.

For each vendor for whom you will be using the Impound feature and transmitting funding files via InterceptEFT, follow these steps.

  1. Choose Setup > Vendors.
  2. In the Vendors dialog, highlight the appropriate vendor and then click the Edit button.
  3. Click the General tab, if it's not already selected, and choose the appropriate payment type from the Payment type drop-down list. Your selection will be reflected in the Reason column of the Utilities > Impound Funding dialog grid and in the EPS file itself.
    • 1099 Payments. This specifies to InterceptEFT that the fund to the Impound account will be paid to a vendor with a personal type bank account. The funding transaction will specify NET PAY as the Company entry description and CSI NET PAY as the Company discretionary data in the ACH file. (Please note that this option is not connected to 1099 form printing from within Write-Up CS.)
    • Tax Payments. This specifies to InterceptEFT that the fund to the Impound account will be paid to a taxing authority such as EFTPS. The funding transaction will include TAX IMPND as the Company entry description and CSI Impound as the Company discretionary data in the ACH file.
    • Commercial - other. This specifies to InterceptEFT that the fund to the Impound account will be paid to a vendor with a commercial type bank account. The funding transaction will include BILL IMPD as the Company entry description and CSI Billing as the Company discretionary data in the ACH file.
  4. Click OK to save your changes and close the Vendors window.

See also: Impound overview and procedures

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