ACH Payments

Modified on Thu, 26 Oct 2023 at 05:21 PM

Summary:  This article explains how Manage Payables users can configure and use ACH as a payment method in Centime.

Payables Permissions: See each section below for specific access permissions. 

Article Contains:

Activate ACH as a Payment Method

To set up ACH payments in Centime, ensure that all of your overall company and controlling information is complete and your financial institutions are connected.  Please follow instructions here on how to activate ACH as a payment method. 

Configure ACH Globally

Required Permission: Manage AP email and payment settings

ACH can be configured globally by navigating to Settings > Payables > Payment Settings. Under ACH payments, you can set your default funding account for ACH and decide if you want to group payments or not. These settings can be changed on the supplier level in a vendor's Supplier Profile. 

Configure ACH by Supplier

Required Permission: Manage supplier communications and payment settings

To configure ACH on the supplier level, navigate to a Supplier Profile in the Payables module by clicking on their name in any of the tabs (Supplier, Documents, Unpaid Invoices, Paid Invoices). 

Once in a Supplier Profile, navigate to the Payments tab and expand the ACH section. 

These settings pull from the global settings detailed above. To deviate from the global settings, you can select a different bank account and modify payment grouping. 

In this section you must also add the correct routing number and bank account number for your supplier to receive ACH. If you are using NetSuite, ACH details should sync in from Bank Payment Details in your vendor record. 

Make an ACH Payment

Required Permission: Schedule payments and manage the AP workflow (recall, mark paid, post)

To schedule a payment on an invoice, click on the 'Pay' action in the 'Unpaid invoices' tab. 

Here users have another opportunity to modify the payment method and the default funding account for it by clicking on the payment method.

Select the invoices you'd like to pay and click Confirm. 

If you do not select a payment date, then the system will assume that it is the earliest possible date once approved. 

When you click Confirm, you will have one final opportunity to check the payment before clicking Confirm again which will send it to the payment approver (if payment policies dictate). Users can also add notes which appear on the remittance to the supplier upon payment release. 

ACH payments typically take 3-5 business days to clear your supplier's account. 

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