PAYROLL - Direct Deposit (EFT)

Settings to establish Direct Deposit transactions for Employee Timecards

Employee Setup

• activate Direct Deposit

• complete Bank Information

Company Setup

• see GL Account configuration

• enter next number in Company Settings > Sequence Numbers > General tab > Direct Deposit No

• establish the bank / clearing account in the Payroll Department (see Payroll Departments) :
  • note...if you plan to have Spire move the EFT transaction to your Bank Acct, choose a non-bank account here.

Generate / Send File to Bank

• create and post the Timecard Batch(es) as explained here: New Timecard(s)
• Access
  • inside the Timecard Batch -  Export EFT

• • Payroll Text Menu > Export Direct Deposit File

                   👉 

• select from the EFT Settings configurations available for the GL Account assigned

• set the Process on date for the bank transaction

• save the file to the desired location, then send this file to your bank

• you will then be prompted to transfer the total EFT transaction amount to your bank account:

• Print / Email / Preview the Payroll Direct Deposit Slip from inside the batch