How do I set up an EFT on Sage 50

Under how do you want to pay this employee?In the home window, click employees & payroll on the navigation pane.At date enter the actual check or transfer date.Setting up accounts payable use accounts payable setup screens to set up records and options that determine how accounts payable:In windows, choose start, programs, sage 50 eft direct.

Answer a few identity questions.Creates eft payment files based on the standard sage 300 processing routines, i.e.Complete details to enable and use audit trail features of canadian sage 50 accounting software.If one is found, it will be selected to pay.An electronic funds transfer (eft) or a direct deposit allows companies to streamline their payables and receivables for everything like invoices from service providers to employee salaries through easy payments between different users' bank accounts in canada.

Select the employee's name, and then select the edit icon beside pay.You'll want to set up your company for direct deposit.By cash, check, credit card, and so on).Most consultants will charge by the hour to set up your system and troubleshoot it when it doesn't work.Enter the name of the file that you want sage 50 eft direct to use to contain data that should be send to your bank.

If you are starting sage 50 eft direct for the first time, the program will ask if you want to create a new company.Eft is directly integrated into sage 50, but in order to use it you must pay sage a yearly fee for use of it throughout the year, and will be charged a fee each year.Select the payment terms defined in the previous step select the bank account created previously enter the supplier's banking information under 'bank id no.' tab this is the end of eft configuration.When you create the remittance you can choose to print or email it.The window eft for sage 50 appears.

This file contains your employee's bank account details and the monies to be paid into these accounts.