170. Is bank reconciliation automated?
(NACHA files so that banking is more of a automated process, and not manual)
NACHA file format for ACH Payments
The payments which have a payment method as ACH will be considered to generate a NACHA file format.
Some details of the company, suppliers / vendors will be required to generate the file.
Ex.,
Company’s:
Bank ABA RoutingNumber
Federal ID Number
Bank Name
Company Name
Supplier’s / vendor’s:
Beneficiary Name
Beneficiary Account Number
Beneficiary Account Type
Creating a list page with all the above details.
Select the payments Or search by supplier / vendor’s name to get the list of payments which will be processed on that day.
Click on Get ACH file to download the NACHA format of the payments.
6. Downloaded Sample NACHA File
