Say goodbye to manually processing individual owner and vendor paper checks.
ACH payment, or Automated Clearing House payment, is an electronic transfer method enabling direct bank-to-bank transactions within the United States. This method allows you to create a single ACH file to process payouts for one or multiple owners and vendors.
As part of the end of month process, CiiRUS will generate an ACH Payout file. This file can be uploaded to your bank account, allowing you to process individual owner and vendor payouts in one single batch.
PMC ACH Settings
To add your bank account details, go to:
Global Settings
Settings Assistant
Owner Accounting Setup
General Owner Accounting Settings
PMC ACH Settings
Provide your bank details from which the payout funds will be withdrawn.
Name of your bank
Your bank account number
Your bank routing number
Your company name
Your tax ID
Please note that ACH payments are only available for user's with a bank account in the USA.