Cash Management
Introducing Canadian bank file payments
Save time and pay Canadian suppliers and employees electronically in Sage Intacct with new bank file formats. We now support bank file payments for the following Canadian banks:
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Royal Bank of Canada
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Scotiabank
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TD Bank
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Bank of Montreal
Learn more about electronic bank file payments in Sage Intacct.
How it works
To start using bank file payments, first set up the accounts you'll need to process the payments.
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Set up a Canadian cheque account for bank file payments.
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Enter the account banking details on the Bank file tab.
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Enter a 4-digit FSN (file sequence number) to start the bank file sequence with your bank.
This number is like a check sequence number.
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If your company has been using an integration to process Canadian bank files, you'll enter the next file number in the sequence. Make sure to include leading zeroes to make it a 4-digit sequence.
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If your company is new to using bank files for Canada, this number will be 0001.
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Set up suppliers for bank file payments.
You can use the Supplier Update for Bank Files template to enable and update supplier bank information in bulk.
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If you pay employee expense reimbursements in Sage Intacct, set up employees for bank file payments.
Then, you'll select ACH or bank file as the payment method whenever you pay Canadian suppliers and employees. Follow the bank file payment workflow to generate, upload, and confirm the payment.
Requirements
| Subscription |
Accounts Payable Cash Management Sage Cloud Services Time and Expenses |
|---|---|
| Regional availability |
Canada |
| User type | Business user |
| Permissions |
Accounts Payable
Cash Management
Time and Expenses
|
| Configuration |
Bank files are enabled in the following places:
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