Overview:
The final After all timecards have been submitted, imported/keyed, distributed, and gone through a final payroll review, the next step in the payroll check process is creating the ACH Direct Deposit file and submitting it to the bank. It is extremely important that prior to running the process, that all payroll has been confirmed, and no further adjustments are needed. Once the ACH Direct Deposit File is created, it cannot be created again or adjusted in anyway. If an Employee check is missing, a second direct deposit file can be created for the one employee, but the original file cannot be updated
PENTA creates the ACH Direct Deposit File in the standard ACH format. At the completion of the Create ACH Direct Deposit File process, you have the option to save the file in a secured directory. It is recommended to include the date in the file name during creation
Benefits:
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running the Gross To Net calculation. PENTA’s gross-to-net process retrieves all timecard information distributed as of a Period End Date, calculates all necessary taxes, deductions, and reimbursements, then produces a net check amount. The training video below walks through this process in detail.
Benefits:
- Auto calculation of deductions, reimbursements, non-add to gross fringes, and taxes
- Automatically books all applicable accounting entries
Roles:
- Payroll Manager
Additional Content
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- Payroll > Centralized Payroll Check Processing > Create ACH Direct Deposit File
- Payroll > Payroll Check Processing > Create ACH Direct Deposit File
- Payroll > Exception Checks > Bonus Check Processing > Create ACH Direct Deposit File
- Payroll > Rapid Check Processing > Create ACH Direct Deposit FileCentralized Gross To Net Processing
Video: