Direct Deposit Option for Sage 50 - Call 1.800.796.0471 for Help

1. Direct Deposit Option for Sage 50 - Call 1.800.796.0471 for Help The obvious place to start looking for a direct deposit solution is right inside your existing payroll program. You can subscribe to Sage’s direct deposit service. Once the service is activated, in Maintain Employees you can designate which employees use direct deposit and record their bank account information. After doing payroll, direct deposit transactions can be transmitted right from Sage 50. You can print a direct deposit advice form instead of a check for your direct deposit employees. Since all of the direct deposits will come out of your bank account as one lump sum amount, Sage 50 makes them show on your account reconciliation the same way. None of the other options can do that. Each employee can allocate money to up to 4 bank accounts by amount or percentage. * If employees are allowed to split their accounts (ex. between savings and checking), each account is considered a transaction. Employer Benefits •Sage 50 Direct Deposit is easy to setup!

2. •No more costly stop payments and reissued checks. •No uncashed checks to track. •No lost employee work time spent cashing or depositing checks. •Easier to pay employees off-site, on vacation, or away on business. •Saves time preparing and sending electronic file. •Save money printing less checks and using less ink. Employee Benefits •No more lost or stolen paychecks •No more trips to the bank on payday. •Instant access to funds. •Automatic deposits into one or more accounts. •Split deposits into multiple accounts. •Reduce printed checks by offering an environmentally friendly option. SUMMARY Sage 50 Direct Deposit offers the most convenience and the tightest integration with payroll. The lack of upfront fees is nice. But if you have a lot of employees and/or pay frequently, the transaction fees may surpass the purchase price of one of the add-ons.

3. If you are willing to pay their upfront purchase price, EZ-Direct Deposit and Automated Direct Deposit allow you to avoid Sage 50 DD’s transaction fees. And they can read your Sage 50 data, so they avoid the potential for human error inherent in manual processes. But bank reconciliations will be less convenient because each direct deposit paycheck will show individually instead of combined as they will be on your bank statement. Finally, your bank’s electronic payment services may provide a free or low-cost alternative. But since the process is entirely manual, it is more time consuming and allows more opportunity for errors. No matter which method you choose, you may need to adjust your normal payroll schedule because banks require time to process direct deposit transactions, typically about 2 days. Are You Ready to Make Paydays Hassle Free? Contact us for an application: Call: 1.800.796.0471 **Compatible with Sage 50 2013, 2014, 2015, 2016 ,2017 Source: Direct Deposit Option for Sage 50