Banking

• The Deposit Register allows you to print out all payments made by deposit for the active payroll. This report is a control report and show all the entries that will be written to the bank file.
• This will allow you to pay employees by direct deposit to their accounts or create the bank file that you may transmit to the bank. The method of transmission will vary depending on the bank.  
  Note: This file must be created prior to posting the payroll.

Functions:

Deposit Register:

Under the Preferences tab, select which sort order you would like. Click the Preview button to preview or the Print button to print. 

Create a File for Bank:

If you have not used Acclaim to create a bank file before, you will be asked to select a financial institution. 

Steps:

1. Go to Process payroll > Banking > Create file for bank.
2. Under the Setup tab in the new window, select the financial institution you want from the dropdown menu.
3. Fill out the required fields (please make sure to double check that the name, ID number, and account information is filled in).
4. Enter the name and location of the bank file you wish to create. This will be where you select where you save the file. 
5. Make sure the Next Bank File Sequence Number is correct.
6. If you wish, you can include multiple payroll groups by selecting All Pay Groups instead of the Select Pay Group Only. 
7. Once you are finished, hit the Save button.
8. Create the bank file by clicking on the Create button.