How to Setup Sage 50 NACH/ACH Payment to the Bank

The larger your company is, the less time will be available to you for billing. This is the reason why automation has become an important strategy for modern businesses. Vendors will always be paid the appropriate amount, at the right time, with recurring payments.

With its effective and automated payment module, Sage 50 has played a vital tool for all businesses, large and small. You may plan continuous consumer payments and set up regular NACH/ACH payments for your invoices, view and manage recurring ACH transactions, schedule payments automatically, or even stop recurring NACH/ACH.

In this blog, we will look at what a recurring ACH payment is and how to set up NACH/ACH payments to the bank through Sage 50.

What are Recurring ACH Payments?

ACH (Automated Clearing House) is regulated by Nacha, which is a network of US-only financial firms. EFTs that use eChecks for recurrent bill payments are known as recurring electronic ACH bank transfer payments. They cover purchases related to: 

• Insurance premiums
• Rent and lease payments
• eCommerce
• Loan payments
• Software subscriptions 
• Any ongoing bills

All these payments are recurrent and are generally made every month.

In Sage 50, What is the Procedure to Setup Recurring ACH Payments?

How to Generate a NACH/ACH Payment in Sage?

Please follow the steps sequentially –

• Open Sage 50
• Click to open the menu named 4-3-1 Select Invoices to Pay 
• set it to pay the correct vendor invoices
• Open the menu labelled 4-3-2 Pay Vendors 
• Mark the Payee check box for the concerned vendor. 
• “Yes” will appear in the ACH available column
• Navigate to the Pay by field
• Click on the option to pay by ACH Payment 
• Now click on the Pay Vendors tab
• The Vendor ACH Payment File Creator window will open up on your screen
• Type in the correct Deposit Date and Transaction Date
• Click on the Create File tab

Please note! Because ACH is an electronic payment, ‘Check’ in the instructions would refer to an eCheck.

In the sections above, we have discussed a step-by-step procedure to set up NACH/ACH payments to the bank through Sage 50. If you are still having any issues in implementing the steps mentioned above or if you have any more queries, you may consult with some of the authorized Sage experts 1800 964 3096.

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