Get Setting Up Direct Deposit For Your Company - Sage 50 Accounting

Setting up direct deposit is a convenient way to manage payroll for your company. This guide will walk you through the process of filling out the Setting Up Direct Deposit For Your Company form, ensuring that you complete each section accurately and efficiently.

Follow the steps to successfully complete the direct deposit form.

1. Press the ‘Get Form’ button to obtain the document and open it for editing.
2. Begin by ensuring that you have an active bank account established before initiating the direct deposit process.
3. Confirm with your bank that they accept direct deposits. Verify the transit routing and account numbers for accuracy.
4. For users setting up savings accounts, it is essential to confirm the transit routing number with your bank.
5. Notify your bank about the upcoming direct deposit setup through your payroll system.
6. If you are switching accounts, check the relevant boxes and fill in the necessary fields as required.
7. In the first account section: Enter the bank name, transit routing number, account number, and select either checking or savings.
8. Indicate how you would like your net pay allocated by entering a percentage or fixed amount in the specified fields.
9. Repeat steps 7 and 8 for additional accounts if you wish to allocate your net pay among up to four accounts.
10. Once all information is complete, review the authorization statement and provide your printed name, signature, Social Security number, and date.
11. Finally, save the changes to the document, and you can choose to download, print, or share it as needed.

Complete your direct deposit setup online today to streamline your payroll process.