Table of Contents maxLevel 43
Automated Clearing House (ACH) - an electronic network for financial transactions in the United States. Examples of ACH credit transfers include direct deposit and vendor payments.
2 - Create the NACHA file to transmit into the bank's online portal.
After all Vendor Payments have been posted, run the the bank-specific export template (Admin > Export) to create the NACHA file. You probably created this template customized to your bank's requirements with a Unanet consultant.
In the export criteria:
- Enter the STARTING CHECK NUMBER that you noted above.
- Use % to filter the BANK ACCOUNT field and select the ACH bank account.
- DOCUMENT DATE: Choose "Today" as most often you transmit the payments to the bank on the same day they are processed in Unanet.
- Select the check box for Posted payments and click Run Export.
3 - Once the NACHA file is generated, download the file and transmit it to your bank following your specific bank instructions.
Even though a separate Unanet Bank Account is used when processing ACH payments, the Operating Account-ACH and Operating Account are both reconciled in the same bank reconciliation. This is because both Bank Accounts use the same Account Number.