Cash Management

New formats for 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:

• Central One Credit Union

• Desjardin Bank

• National Bank

• ATB Financial

How it works

To start using bank file payments with this bank, first set up the current accounts and suppliers you'll need use to process payments.

Step 1. Set up Canadian current accounts for bank file payments

1. Go to Cash Management > All > Current to add or edit an account.

2. Go to the Bank file tab for the account.

3. Select the appropriate Bank file format and enter account details.

4. Enter a 4-digit FSN (file sequence number) to start the bank file sequence with your bank.

   About the FSN

   This number is like a check sequence number.

   • If your company has been using an integration to process Canadian bank files, enter the next file number in the sequence. Include leading zeroes to make it a 4-digit sequence.

   • If your company is new to using bank files for Canada, this number will be 0001.

Step 2. Set up suppliers for bank file payments

1. Go to Accounts Payable > All > Suppliers to edit suppliers.

2. Edit suppliers you want to pay with bank files.

3. Go to the Bank file tab.

4. Select Enable bank file payments.

5. Enter the supplier's account details.

6. Fill in any remaining fields as desired in other tabs.

7. Save your changes.

Step 3. Optionally, set up employees

1. Go to Time & Expenses > All > Employees to edit employees.

2. Edit employees you want to pay with bank files.

3. Go to the Bank file tab.

4. Select Enable bank file payments.

5. Enter the employee's account details.

6. Fill in any remaining fields as desired in other tabs.

7. Save your changes.

Step 4. Pay AP supplier invoices and generate payment files

1. Select ACH or bank file as the payment method whenever you pay Canadian suppliers and employees.

2. 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
Permissions	Accounts Payable Suppliers: List, View, Add, Edit, Bank details, Unmask bank details Cash Management Current accounts: List, View, Add, Edit Time and Expenses Employees: List, View, Add, Edit, Bank details, Unmask bank details
Configuration	Bank files are enabled in the following places: Sage Cloud Services subscription configuration Current account for CAD payments Suppliers with Canadian bank details Employees with Canadian bank details