Recently, we reminded everyone that one of our great customers, Johnnie McGraw of Medicine Chest Pharmacies, diagnosed a bug with the EFT Combine function in Sage Accpac ERP U.S. Payroll (for which Sage recently released a hot fix). This got us to thinking...how many realize the benefit of EFT Combine? In general, the only thing for which banks currently do not charge is checking your bags when you fly...and EFT file submission is no exception. Our own bank charges us $10 every time we upload these files to their Web site. It's called an ACH File Upload charge, and it becomes an expense that EFT Combine can reduce when:
- a Sage Accpac client company processes payroll for more than one company (thereby creating multiple EFT files) OR when
- a Sage Accpac client company processes multiple payrolls in the same company (thereby creating multiple EFT files) OR when
- a Sage Accpac client company processes payroll in such a way that both of these situations occur (thereby creating mass confusion out of which only EFT Combine can make sense)
You can find the EFT Combine setup function in U.S. Payroll Setup. Please do not hesitate to contact Chris Firra for additional information or assistance with this or any other Sage Accpac ERP feature! And remember...regardless of your decision to offer direct deposit to your employees or your decision to use EFT Combine...your bags still fly free!
- Brian Terrell, CPA and Managing Partner