Sage MIP Fund Accounting

Fund Accounting: Select a module Accounts Payable Accounts Receivable Advanced Security Allocations Management Bank Reconciliation Budget Data Consolidation Data Import/Export Direct Deposit Electronic Funds Transfer Electronic Requisitions Encumbrances Fixed Assets Forms Designer GASB General Ledger Grant Administration Inventory Control Multicurrency Payroll Purchase Orders Sales Order Entry Scheduler Visual Analyzer

Direct Deposit Module

The Direct Deposit module lets you exercise more control over payroll processing disbursements while giving your employees the convenience of electronically depositing their pay. Direct Deposit, which integrates seamlessly with the General Ledger, is designed to complement the Payroll module.

Direct Deposit Processing

• Allow your employees to deposit pay into multiple bank accounts, including both checking and savings account types.
• Enjoy simple payroll processing with the ability to process checks and direct deposits in a single payroll processing step. The audit trail clearly tracks payment type issued to employees.
• Automatically send your NACHA-formatted direct deposit file from the Sage MIP Fund Accounting system directly to your bank through a convenient terminal interface.
• Improve cash management by designating when payments are taken from your account for predictable cash flow.
• Need to issue bonus checks to Direct Deposit employees? The Direct Deposit payroll processing module allows you to override direct deposit for special circumstances, such as bonus checks.

This module is fully integrated with other Sage MIP Fund Accounting modules.

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