Compare available ACH payment methods

Sage Intacct offers different ACH (Automated Clearing House) payment methods. Depending on your needs, you might prefer one method over the other. Compare and contrast each method in the chart below.

ACH payment method Who can I pay? Description Next step
(if payment approvals disabled)		 Accounting impact

Standard ACH

Vendors and employees

Pay vendors and reimburse employees with standard ACH. Standard ACH is referred to as ACH, or ACH or bank files, in Payment method fields.

Manually generate an ACH file for payment processing.

Requirements:

  • No subscription to any application needed.
  • Set up your bank accounts for ACH payments.
  • Enable your checking accounts for ACH.
  • Enable your vendors to receive ACH payments.

Create a file containing ACH payment requests: Cash Management > All > Payment files > ACH file generation.

After your bank clears the payments, you can confirm the ACH payment file. Confirming posts the payments to the General Ledger.

Generating an ACH file has no effect on the General Ledger.

Vendor Payments powered by MineralTree

US-based vendors accepting USD

Automate your ACH vendor payment process with this payment service. Select MineralTree as the payment provider and the bills to pay. The payment is sent to MineralTree for processing.

None

Payments post to the General Ledger when the payment request becomes a posted payment.