Overview
The Batch Payment functionality gives the user the ability to prepare a batch which will create a file to import into their banking software. Saving time on entering transactions into the bank. These files can be used to pay creditors, direct debits for client payments, and for payroll payments.
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You first need to create a special account (in the assets section of your chart of accounts), called an Electronic Payment Account (EPA) where payments can be held temporarily between marking items as paid and uploading the file to the bank. So if you are paying creditors you will credit EPA and debit accounts payable. When you upload the batch to the bank the system will debit EPA and credit the bank. (And vice-versa for direct debits) |
You only need one electronic payments account in your chart of accounts
Creating an Electronic Payment Account (EPA)
- Go to your Master accounts list
- Add in a bank account
- Name it something obvious - like "Electronic Paymens" or "Electronic Batch" .
- Save
Then link the account to the division accounts list and specify that it is for Electronic Payments by ticking the box and saving.
Your accounts list will now show the account as an Electronic Payment Account
Set the File Format for your Bank
Each bank typically accepts a specific file format so you need to edit your bank accounts that you wish to use for electronic payments and specify a file format for debit and/or credit batches.
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| Payroll accounts are considered "Direct Credits". |
- In your Divisional Accounts list click on the linked bank account which you want to set up as paying or receiving the Electronic Payments.
- Select the bank file format you will require
- Save
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If your bank file format does not appear on the list then please contact support@actionstep.com and lodge a development request. You will need to supply details of the technical specifications and examples of working files. It will take some time to develop the new formats but we will try our best to accommodate you based on the current workload. |
Set up Bank Account details in the Contact records of the people you will be paying
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- This information is held at a divisional level, so if you are part of a divisionalised database the contact record bank details are only for the use of that contact when used in your division.
- Payroll information is related to the Employee record rather than the Contact record.
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See updated article in Actionstep Help Center: https://support.actionstep.com/hc/en-us/articles/360055240193-Setting-up-Electronic-Batches |