Preparing to Track ACH Payments

Before you track ACH payments in TireMaster, set up a general ledger account for tracking ACH payments and add a payment account for ACH payments. Setting up a GL account and a payment account especially for ACH payments makes it easier for you to differentiate automated clearing house activity from payments handled with checks, debit cards, and online bill pay applications.

To prepare for ACH payment tracking

1. Add a general ledger account for tracking ACH payment activity. This account should be an asset account, such as 1010–400 Cash in Bank–ACH Payments. For more information, see Creating an Asset Account.

2. Add a payment account for ACH payments. When you assign a general ledger account to the new payment account, select the GL account created in step 1 and make sure the Show on Payment Screens check box is selected.