Click to view/hide picture.Use the ACH tab of the Other Definitions screen to enable and configure payment of AP items electronically using ACH (Automated Clearing House).
This feature requires an additional license from Compeat. The features of this tab will be disabled until an ACH license has been entered. Contact your Compeat salesperson for license information. Licenses can be entered through the About screen, under the Help menu.
Note: If you use Compeat Payroll and have an ACH license for direct deposit, you should be able to use the same code.
Click to view/hide picture.
Check Enable ACH to use ACH features in Compeat. Then, for the entity selected at the top of the screen, fill in the following fields according to your financial institution's specifications:
Destination ABA The routing number of the receiving point to which the payment file will be sent. Typically, this value is set to the Federal Reserve Bank's ABA number and can be obtained from your financial institution. This prints in position 04-13 of the File Header Record type 1.
Destination Name The name of the receiving point for which the file is destined. It is usually the name of the Federal Reserve Bank receiving the file. This prints in position 41-63 of the File Header Record type 1.
Originator ABA The routing number of the ACH Operator or sending point that is sending the file. This value is typically the ABA number of the bank or financial institution to which you are sending the file. This prints in position 12-23 of the File Header Record type 1.
Originator The Company ID to be included in the header record. If entered this takes precedence over the Originator ABA field. This prints in position 12-23 of the File Header Record type 1.
Originator Name The name of the ACH Operator or sending point that is sending the file. This is typically the name of the financial institution to which you are sending the file. This prints in position 64-86 of the File Header Record type 1.
ACH Service Class Specifies the service type. This field indicates to the system what type of entries are included in the ACH file. Select between only debits or credits, and mixed debits and credits.
Originating DFI The originating DFI number. This prints in position 80-87 of the Batch Header Record type 5 and in position 80-87 of the Batch Control Record type 8
Include Offset Record Check to include an offset record with the output file.
Batch Description The Originator establishes the value of this field to provide a description of the purpose of the entry to be displayed back to the Receiver. This prints in position 54-63 of the Batch Header Record type 5
Company ID This is an alphanumeric code used to identify the Originator of each batch. This prints in position 41-50 of the Batch Header Record type 5 and in position 45-54 of the Batch Control Record type 8.
Company Name The value of this field is established by the Originator for purposes of further identifying the source of each batch and for descriptive purposes for the Receiver. This prints in position 05-20 of the Batch Header Record type 5.
Use this section to configure email setting for use by the Email ACH Payments feature. Your organization's IT person should be able to provide you with the needed information to complete this section.
The configuration settings are similar to those described for Purchase Orders.
