Sage 50 Accounting EFT Direct lets you quickly and easily transfer data from your accounting files to your financial institution.
| Field | Usage |
|---|---|
| Bank Name | Select the bank where you will be uploading files. |
| Name | This corresponds to the name of your Sage 50 Accounting company; however, if you import the EFT Direct information, Name will reflect the name of the imported EFT Direct information. |
| Company Abbreviation | Enter an abbreviation for the company. |
| Originator No. | Enter the 10-digit number your bank gave you to use for transactions involving electronic funds transfers. They may call it a client, customer, ID, or user number. |
| Institution No. for Returns | Enter the institution number your bank gave you. For Canadian banks, the number has three segments, in the format 0-001-12345. |
| Account No. for Returns | If funds cannot be transferred (for example, because an employee has closed an account), the funds will be returned to the account you specify here. |
| Data Centre No. |
(Optional) If you need this number, your bank will issue it. Contact your banking institution to determine the information required for this field. |
| Reserved Fields for Organization | (Optional) Some banks use this field to record employer and employee payroll records. Contact your banking institution to determine the information required for this field. |
| Element Identification | At this time, the Caisse Desjardins is the only bank that requires this field (up to 11 characters). For the Alberta Treasury Branch, this field must be zerofilled. |
| Settlement Code | This field is used only by the Caisse Populaire Desjardins banking system at this time. |
| File Record | (Optional) Contact your banking institution to determine the information required for this field. |
Upload payment file to the payment processing service provider
Process several paycheques at once