ACH Setup

The ACH (Automated Clearing House) or Direct Deposit processing is an optional module. Your software will not have the ability to create the ACH file unless you have purchased this module. If you did not purchase it then you may not be able to see this tab in the preferences. Contact SherWare Support if you are interested in adding this capability.

The bank information for your company is setup here. This will be used to specify the account that holds the funds that will be distributed with the ACH file.

Use Alternate Direct Deposit Processing
Alternate Direct Deposit Processing is used when your bank doesn't process the ACH file in house. When the bank passes the ACH file on to the Federal Reserve to process you need to use the Alternate Direct Deposit Processing method.
When this option is marked the fields on this window will be labeled differently than when it is left unmarked.

Bank Name
The name of the bank that the Direct Deposits funds will be taken from.

Bank Transit No
The transit number for the bank that the Direct Deposits funds will be taken from.

Account No
The account number that the Direct Deposits funds will be taken from.

DD Company ID
Specify a character that should go before the company tax ID in the ach file. The bank usually specifies this character.

Additional fields when using alternate Direct Deposit processing:

Origin Name
The name of the bank that the Direct Deposits funds will be taken from. This field will only be visible if the "Use Alternate Direct Deposit Processing" option is marked.

Origin
The routing number for the bank that the Direct Deposits funds will be taken from. This field will only be visible if the "Use Alternate Direct Deposit Processing" option is marked.

Account No
The checking account number that the Direct Deposits funds will be taken from. This field will only be visible if the "Use Alternate Direct Deposit Processing" option is marked.

DD Company ID
A unique 1 character ID code your bank may require. This is optional. This field will only be visible if the "Use Alternate Direct Deposit Processing" option is marked.

Destination Name
The name of the Federal Reserve bank that will be processing the ACH request. This field will only be visible if the "Use Alternate Direct Deposit Processing" option is marked.

Destination
The routing number for the federal reserve bank that will be processing the ACH request. This field will only be visible if the "Use Alternate Direct Deposit Processing" option is marked.