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hockeyrod

Setting Up the DIRECT DEPOSIT PAYROLL Option

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Direct Deposit Payroll Option

I have been trying to set up the direct deposit payroll option in Business Visions Limited Edition. Previously, I spoke to my financial institution about direct deposit payroll and it referred me to CERIDAN, a third party company offers payroll services for a fee. I wasn't interested in that because BV did everything they were going to do for me already....except the direct payroll deposit.

YEsterday I decided to look into the BV option more closely and called BV technical support. I went through the DIRECT DEPOSIT PAYROLL option with Penny quite thoroughly and I told her that my bank (TD Canada Trust) keeps referring me to CERIDAN. She indicated that TD Canada Trust is one of the banks that is compatible with BV and that I needed to indicate to then I didn't want the third party company doing my payroll and that I needed various information form TD Canada Trust to set it up on my software. I was told I need a 10-digit Originator (Customer ID) number along with the transit number and mu account number. (as well as my employees bank account info)

I was told after I get all the information I was to run a test batch through first to make sure I have all the necessary info and when that happens I can proceed with doing it for real.

I spoke to my local branch and they have no idea what I am talking about.

 

Can anyone help me?

 

 

  • 0

    Direct Deposit is relatively easy to set up in BV.  To get the bank on board is a slightly more difficult issue.  We're with CIBC, and it takes 4 - 6 weeks to get their EFT dept. set up to accept our files.  I suggest you take this to your bank manager, and ask him how to set up direct deposit via EFT.

    Once you have the bank set up, you'll be able to fill in the necessary info in BV.  

    You also need the employees bank info.  That's the Institution # (3 digits), transit # (5 digits) and then the account no.  All put in with no spaces.  

    If I can help further - give me a shout.

  • 0 in reply to KPed

    I have gone thru this process several times with BV clients. Your Bank's branch employees will not be much help.

    You need to connect with the Technical IT people from your bank which may be at a seperate location. They have done this a million times with hundreds of software programs. They will understand what you are trying to do and give you the correct info.

    Yes you will have to send them a test payroll file from BV so that they can give you the OK that it will work. But you have to find out first where to send it and what info is required in this file.

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