The report for creating the Vendor Direct Deposit ACH file has been modified. Historically, the 1 preceding the Company Tax Identification field indicated that the ID was the organization’s federal tax EIN. Some banks have now deviated from the standards and are requiring that a different number (or even no number) precede this company tax identification. To help those customers comply with their bank’s particular requirements, this process has been modified so that the number for Position 41 in the 52 Record and for Position 45 in the 82 Record are indicated on the Select tab of the range screen. Numbers from 1 to 9 can be selected; select 0 for no number. Customers who are following the standards do not need to do anything differently as the 1 continues to automatically default.
VENDOR DIRECT DEPOSIT ACH FILE
A process has been created for reclassifying vouchers to different expenditure or revenue account codes (voided vouchers are automatically excluded; additionally, while you can reclassify...Read More...