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What is the ACH extract and payment frequency?
Step | Process Description | Frequency | Scheduled Time | Comments |
|---|---|---|---|---|
1. | ACH file extracted from DATABASICS via Profiles | Manually triggered or scheduled per client preference | Manually triggered or scheduled per client preference | Picks up "Approved" expense reports that have not yet been previously processed for ACH payment |
2. | Extracted files sent to the bank for processing | Daily | 11:00 AM |
3. | Payments processed and money transferred to the user's account |
3-4 Business Days from the day when the extract was run |
Can we set the ACH up for a weekly batch payment?
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DATABASICS only processes one way transactions from the Company bank to the end user and is not able to debit end user's bank account for reverse transactions.
USA Schedule
Canada Schedule
