Payment Processing

Related topics

Upload payment file to the payment processing service provider

Upload a pre-authorized debit file

Set up your Sage 50 Accounting company for payment processing

Add or modify a customer's pre-authorized debit bank account information

Email a receipt to a customer

Email a direct deposit stub to employees

Email a payment stub to vendors

Process a paycheque

Process several paycheques at once

Add or modify an employee's bank account information

Add or modify a vendor's bank account information

Print direct deposit stubs for employees

Print payment stubs for vendors

Print a direct deposit log report

Clear employee direct deposit data

With Sage 50 Accounting, you can use a payment processing service to pay bills electronically. If you also use Sage 50 Accounting to manage your payroll, you can use the same service to direct deposit paycheques to your employees' bank accounts. You can select either Direct Payments or Sage 50 EFT Direct.

You can also use this service to collect customer payments and deposit them directly to your bank account. For more information, see Pre-Authorized Debits.

Note: Internet access is required to use this service. Payroll features are only available with Sage 50 Pro Accounting and higher and subscription that includes payroll.

How it works

  1. Sign up for either Direct Payments or EFT Direct as the processing service.
  2. Set up your records in Sage 50 Accounting to use direct deposit.
  3. Record and process the transactions in Sage 50 Accounting. For example, with paycheques, record the paycheque in the Paycheque window and then print the direct deposit stub.
  4. Submit the payment file as required by your processing service. You can log in to your account to verify your payments.
  1. Sign up for either Direct Payments or EFT Direct as the processing service.
  2. Set up your records in Sage 50 Accounting so your vendors can receive electronic payments.
  3. Record and process the purchases in Sage 50 Accounting.
  4. Submit the payment file as required by your processing service. You can log in to your account to verify your payments.
  1. Sign up for either Direct Payments or EFT Direct as the processing service.
  2. Set up your records and bank information in Sage 50 Accounting to use pre-authorized debits.
  3. Record and process the sale or payment in Sage 50 Accounting.
  4. Submit the payment file as required by your processing service. You can log in to your account to verify your payments.