Direct Deposits

The direct deposit feature allows you to pay bills electronically from your bank account. If you also use Sage 50 Accounting to manage your payroll, you can deposit paycheques directly to your employees' bank accounts.

The Sage 50 Accounting direct deposit feature uses the Electronic Funds Transfer (EFT) system in Canada and the Automated Clearing House (ACH) system in the US.

Sage 50 Accounting also allows you to accept customer payments directly to your bank account. For more information, see Pre-Authorized Debits.

Note: Internet access is required to use this service. Payroll is only available with Sage 50 Pro Accounting and higher.

How it works

Employees

  1. Sign up for direct deposit.
  2. Set up your records in Sage 50 Accounting to use direct deposit.
  3. Record and process the transactions in Sage 50 Accounting. For example, with paycheques, record the paycheque in the Paycheque window and then print the direct deposit stub.
  4. Upload the direct deposit file. You can log in to your account to verify your payments.

Vendors

  1. Sign up for direct deposit.
  2. Set up your records in Sage 50 Accounting to use direct deposit.
  3. Record and process the purchases in Sage 50 Accounting.
  4. Upload the direct deposit file. You can log in to your account to verify your payments.

What would you like to do?

Set up for direct deposit

Process a direct deposit paycheque

Process several direct deposit paycheques

Add or modify an employee's bank account information

Add or modify a vendor's direct deposit bank account information

Submit (upload) direct deposits to the service provider

Print direct deposit stubs for employees or vendors

Email a direct deposit stub to employees or vendors

Print a direct deposit log report

Clear employee direct deposit data