Direct Deposit
Jump to navigation
Jump to search
Keystone Direct Deposit exports an ACH (NACHA standard format) file that is uploaded to your financial institution for processing. Employee deposits may be directed to multiple bank accounts (e.g. checking and savings).
Setup Steps
- Verify you have the capability to process ACH files through your bank.
- Setup Bank Account Information in Cash Management>File Maintenance>Bank Accounts
- Activate DIRDEP definitions in Payroll>Company Maintenance
- Activate DIRDEP definitions in Payroll>Employee Maintenance for each employee with direct deposit
- Enter distribution and account information on each DIRDEP definition
- -Percent or fixed amount of deposit
- -Account and Routing Number
- -Account Type (CHK or SAV)
Note: the last DIRDEP definition should have a Percent amount of 100
Example of Employee Setup:
Company Debit Record
Some banks require a Company Debit Record (Type 6 Offset) and some do not. On the Payroll ACH File Export screen there is a checkbox to control this feature. Once you set this properly the system will remember the setting going forward.
In the example below, the box is unchecked meaning the Company Debit Record will *not* be included in the export file:
