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What is EZ-Direct Deposit?
EZ-Direct Deposit™ and EZ-EFT™ are direct deposit interfaces that work with accounting software, such as Peachtree or QuickBooks, to make accounting more accurate and effective.
With EZ-Direct Deposit™ or EZ-EFT™, transferring customers payments, vendor bills and employee checks from your accounting software to your bank or Credit Union is a snap. When used in conjunction with your accounting software's Pay Bills and Pay Employees functions, EZ-Direct Deposit™ provides you with the ability to forward vendor and payroll direct deposit transactions to your bank(s) with a click of the mouse, using a variety of customizable options.
Here are just a few of the features that make EZ-Direct Deposit unique:
How Does EZ-Direct Deposit Work?
EZ-Direct Deposit™ creates and sends NACHA (or alternate ACH format) file transmissions of your direct deposit data generated within your accounting software to your financial institutions, which then re-transmits the data to the financial institutions of direct deposit participants, such as your employees and customers.
What this means is that your financial institutions will receive the actual payroll and billing transmissions instead of just a register of transactions that the standard payroll module generates. EZ-Direct Deposit™ also transmits the pre-note required by financial institutions to approve newly enrolled direct deposit participants.
And what that means is a lessened workload for your payroll staff, a more convenient way to pay and get paid for your customers and employees and more time and money saved by your company!
How Would My Company Use EZ-Direct Deposit?
No matter how small or large your company, you can use EZ-Direct Deposit™ to make your accounting system more accurate and efficient with a lot less effort!
Automatic Drafts and Electronic Funds Transfer
Why wait for a customer's check to come in the mail when you can get the payment automatically? Using our electronic funds transfer service and your accounting software, your company can deduct a pre-arranged amount from a customer's bank account. Withdrawals can be scheduled annually, semi-annually, monthly, bi-weekly, daily or whatever time frame you specify. Automated Bill Payment allows a customer to pay bills or make charitable contributions without having to write checks. We automatically debit the customer's account on the payment due date. EZ-Direct Deposit is also useful for check re-presentment and collection of non-sufficient funds.
No longer do your employees have to wait until they can get to the bank to get paid. And no longer does your company have to spend valuable manpower and money on processing and printing payroll checks. EZ-Direct Deposit™ makes direct deposit, well....easy! Using your existing accounting software and the Pay Employees function, doing payroll is as simple as pressing a few buttons.
What are the Benefits of EZ-Direct Deposit?
For Your Company:
For Your Customers:
For Your Employees:
For Banks, Payroll Companies or anyone
who needs to create an ACH file:
ACH Return File Creator
Easy ACH Return File
QuickBooks related products:
Peachtree related products:
Timberline Software related products:
EZ-Direct Deposit is a Trademark of Coastal Software &
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