Using EFT Processing with Employee Expenses

EFT Processing is integrated with Sage Intacct standard Employee processing routines.

1. You create, approve and post Employee Payments, as per the process and approval configured in your Sage Intacct implementation. .

2. In EFT Processing, use the EFT  Employee Payment Requests screen to select  Employee Payments to be included in an EFT File.

3. Generate the file on the EFT  Employee Payment Requests screen.

4. Use EFT File List to view the file and download it on your machine. You can filter by file type to select Payment only for  Employee Payments .

5. You can then import the file into the banking software / application.

6. When the bank confirms the upload is successful, confirm the file to finalize the Payment process.

7. If required, Hold the file if any transactions are rejected, update the data and refresh the file.

8. You can use the standard Sage Intacct process to email remittance advices if required.

Note: You can create EFT Files for any posted Employee Expenses Payment (status = Complete), regardless of the payment method. For example, you can use a Check Payment method and create a Positive Pay EFT File for more secure check processing.

For more details, view the topics below: 

Requirement! To generate and download an EFT File for Employee Expense Payments, you need a Licence for Orchid EFT for EE.