Master Records > Bank Account > Set Up Bank Account

The Positive Pay page allows you to set up the parameters that will be used when generating the positive pay file that you send to your banks. Positive pay is a service provided by some banking institutions to help protect your company from fraudulent check transactions by honoring only those checks issued against your bank account that are included in an official data file that you provide.

Note: Positive pay requires the activation of the Bank Reconciliation module and that the bank account's type must not be a Credit Card.

To set up the bank account for positive pay, perform the following:

1.Click the List Box button beside the Format field to select from a drop-down list, the bank's document format which will be used in the positive pay file that will be generated.

2.In the Directory field, enter the location where you want AccountMate Enterprise to store the positive pay file. Alternatively, you may click the Browse button to display the Browse for Folder window and select the desired directory. Ensure that the directory you specify is shared on the network so that it will be accessible from whichever workstation you will transmit or email the file.

3.In the File Prefix field, enter the code that will be the fixed portion of your positive pay filename. This field accepts alphanumeric characters.

4.Enter in the Next Batch field the initial value of the sequence number that will be assigned to the positive pay file. The value you assign will form the variable portion of the positive pay filename and will be incremented each time you generate a positive pay file. This field accepts alphanumeric characters.

5.Click the List box button beside the File Type field to select the file format for the positive pay file that will be generated (either DAT File or Comma Delimited).

Positive Pay Page

Positive Pay Page

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