How to Pay My Suppliers by Direct Deposit – Proprio Expert How to Pay My Suppliers by Direct Deposit - Proprio Expert

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How to Pay My Suppliers by Direct Deposit

You can watch the video procedure or follow the instructions below.

Instructions

Note: The payment method “Pre-authorized debit” is used for pre-authorized debits and direct deposits. The file created is different.

1. Contact your financial institution to make sure that you can use this payment method.

2. If you have already entered your company’s and your supplier’s banking information, skip to step 12.

3. Go to the “Data” tab and the “Companies” subtab.

4. Click on the company you want to modify (the one that pays the suppliers).

5. Click on “Edit” at the top right.

6. In the third page of the dialog box, enter the name of the company’s financial institution, its transit number, its institution number, its account number, its data centre number, and its organization number, and select the account in the chart. (To know the number of the data centre and the organization number, you may need to contact your financial institution).

Note: Here are the numbers of the data centre of Québec’s most popular financial institutions:

Caisses Desjardins: 81510
Banque de Montréal (BMO): 00110
Royal Bank (RBC): 00210
National Bank (NBC): 00310
Laurentian Bank (LBC): 03910

Banking info company

7. Click on “Finish.”

8. Go to the “Data” tab and the “Suppliers” subtab.

9. Click on the supplier you want to modify (the one that will receive the payment).

10. Click on “Edit” at the top right.

11. In the third page of the dialog box, enter the name of the supplier’s financial institution, their transit number, their institution number, and their account number, and click on “Finish.”

12. To create an expense, click on “Add an expense” at the top right of the supplier’s file.

13. Select the entity assigned to the expense and the account, describe the expense, and enter the amount.

14. Select the date, and click on “Finish.”

15. Go to the “Accounting” and the “Disbursements” subtab.

16. Find the expense, and enter the date of payment, the payment method (Pre-authorized Payment), the account from which the amount is taken, and the amount.

17. Go to the “Accounting” tab and the “Pre-authorized Withdrawals (Direct Deposits)” subtab, and click on “Add” at the top right.

18. Select the expense that is paid by direct deposit.

19. Select the bank account used to pay the expense, and click on “Finish.”

20. Click on the direct deposit file at the top right to download it. This file is not meant to be opened.

21. Contact your financial institution to know where to upload this file.

You have now paid suppliers by direct deposit.

Transcription of the Subtitles

Here is how you pay your suppliers by direct deposit.

By sending the direct deposit file to your financial institution, you will be able to pay multiple suppliers at once.

Before you create the file, you must contact your financial institution to sign up to this payment method.

Go to the “Data” tab and the “Companies” subtab, click on the company that will pay the suppliers, and click on “Edit.”

Go to the third page of the dialog box, and make sure that you have entered the company’s banking information.

You need to enter the financial institution, the transit number, the institution number, and the account number, and to select the account of the chart.

You must also enter the organization number and the number of the data centre. Here are the numbers of Québec’s most popular data centres. For the Caisses Desjardins, it is 81510. Bank of Montreal is 00110. Royal Bank is 00210. National Bank is 00310. And Laurentian Bank is 03910.

If you do not know the organization number and the data centre number of your financial institution, you can call your institution, and they will tell you.

Click on “Finish.”

Now, you must enter your supplier’s banking information. To do that, go to the “Suppliers” subtab, click on the supplier you want to pay via direct deposit, and click on “Edit.”

Go to the third page of the dialog box, and enter the supplier’s banking information.

Then, click on “Finish.”

Now, you can add an expense from this supplier by clicking on “Add an expense.”

Enter the necessary information for this expense, and click on “Finish.”

Go to the “Accounting” tab and the “Disbursements” subtab.

Find the expense, and enter the date of payment, the payment method, which will be “Direct deposit,” the account from which the payment will be taken, and the amount.

Next, go to the “Direct Deposits” subtab, and click on “Add.”

Select the date of the deposit, the company that pays for the expense, and the account from which the money will be taken.

Select the expense you want to pay, and click on “Finish.”

Now, you can click on the file in the upper right corner to download it. Note that this file is not meant to be opened.

Finally, contact your financial institution, and they will tell you where you should upload the file.

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