Cash Management

New formats for Canadian bank file payments

Save time and pay Canadian vendors 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 checking accounts and vendors you'll need use to process payments.

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

1. Go to Cash Management > All > Checking 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 vendors for bank file payments

1. Go to Accounts Payable > All > Vendors to edit vendors.

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

3. Go to the Bank file tab.

4. Select Enable bank file payments.

5. Enter the vendor'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 bills and generate payment files

1. Select ACH or bank file as the payment method whenever you pay Canadian vendors 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 Vendors: List, View, Add, Edit, Bank details, Unmask bank details Cash Management Checking 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 Checking account for CAD payments Vendors with Canadian bank details Employees with Canadian bank details