Direct Deposit Summary

First you will need to:

• Sign an agreement with your provider (your bank or another third party that sends electronic transactions through the banking channels). Obtain any information you need from the provider, which may include a PIN, a Tax ID (EIN), a login ID, and a password.

• Obtain agreements, required by the provider, with each employee who wishes to use Direct Deposit.

Then start 21st Century Accounting:

One time operations:

1. You first Configure Payroll so it creates the Direct Deposit file in the format required by your provider. To configure your Payroll company for Direct Deposit, in Configure/Company Information, you enter the "Interface type" or other identifier of the Direct Deposit file that your system should produce, plus any other requested information, all supplied by your provider.
2. Then in Accounts/Bank Accounts you enter the account number of the company’s Payroll checking account.
3. In Configure/Employees you enter bank information of the employees who choose Direct Deposit of their paychecks.

Every pay period:

1. Run Calculate Payroll and print paper paychecks if any.
2. Run Payroll/Print/Direct Deposit Paychecks to print non-negotiable paychecks to give employees for their records.
3. The process creates a Direct Deposit file, which you can then submit to your Direct Deposit provider.

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