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For live payroll processing only
In Accounting CS, you can set up impound accounts in which you deposit funds collected from your client's bank account for the purpose of making payments on their behalf. When the client's payments are due, your firm makes the payments using the funds in this holding account. You can use impounding for payroll, tax payments, payroll deduction payments, and fee collection.
See also: Live payroll processing workflow with impounding
Before you can use the impound feature, there are a number of setup and processing steps that you must complete. We recommend that you complete them in the order listed below.
Setup procedures
Firm setup
Setting up firm impound bank accounts
Client setup
Setting up client-level impound information
Setting up client bank accounts
Processing procedures
Funding tax agent or payroll agent transactions
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