How to Set Up a Vendor to Receive ACH Payments

If you are set up for Online Payment Processing you'll be able to skip the post office and pay your vendor invoices electronically. 

If you do not already have a merchant account tied to your Rentec Direct account, you’ll want to sign up for that service to be able to process ACH transactions click here for more information Online Payment Processing

How to Set Up a Vendor to Receive ACH Payments

Before processing payments, your vendor profiles will need to be edited with banking information and a valid email address. 

In your Rentec Direct account: 

1. Click on Settings
2. Under Financial, click on Vendors & Payees
3. Right-click on a vendor and choose Edit Vendor 
4. Check to make sure the vendor has an email address listed, as they will receive an email confirmation of each payment sent to them
   

   

5. Add the vendor's bank routing and account number in the Payment Info section
   
   Tip : The account and routing number are indicated on the bottom of a check. To ensure accuracy, you may want to obtain a voided check from the vendor.
   
6. Click on Save Changes 
7. Repeat this process for each vendor you’d like to pay by ACH. 

You're now ready to process payments to your vendors and contractors for services and invoices received.