Creating the Bank File

Pre-requisites:

• Pay out from one of several Financial institutions that Acclaim supports including CIBC, TD, RBC, Scotiabank, BMO, etc.
• Have completed all previous steps in the setup.
• Have at least one employee who is being paid by direct deposit.
• Have selected a pay period and is ready to process the payroll.

Creating the Bank File:

Steps:

1. Head to Payroll > Process Payroll. A new window will appear and the top menu will expand.
2. Head to Banking > Create file for bank.
3. On the Setup tab, select the correct bank that your company uses.
4. Click the Save button.
5. Open the new tab and enter in all the correct information for the company bank file.
6. Click the file directory key to select a file location that the bank file will save to. Enter a name for the bank file.
7. Select whether to create the bank file for the Selected Pay Group Only or All Pay Groups.
8. Enter the correct transaction code (the default is 200, change it if it is applicable) and the due date (deposit date). 
9. Click the Save button.
10. If you are ready, click the Create button.

Note: You must create the bank file before posting the payroll.