About ACH Electronic Payments and NACHA

Automated Clearing House (ACH) is a United States financial network used for electronic payments and money transfers.

Also known as direct payments, ACH payments allow you to transfer money from one bank account to another without using paper checks, credit card networks, wire transfers, or cash. The National Automated Clearing House Association (NACHA) is a regulatory body that manages the administration, development, and governance of the ACH network. NACHA annually publishes the NACHA Operating Rules & Guidelines, which offers details on the mechanics of ACH processing.

You can add or edit ACH electronic payment account information in the Account Code File Maintenance screen. See Edit Electronic Payment Account Information.
Note: In accordance with ACH standards, Spectrum includes any negative payments in your ACH file.
For ACH transactions, some banks require a summary record in NACHA file format. ACH file specifications allow funds to be withdrawn from the vendor's account in the cash concentration and disbursement (CCD) record. Your bank may require a prenotification, or zero-dollar file, in order to check the accuracy of account numbers and file formats prior to your first deposit transaction. See Vendor Pre-Notification Management.
Note: Prenotifications can take 10 days or more to process.

With the NACHA export file format, you can also create an auto deposit file at the end of your payroll cycle to forward to your bank. See Creating Auto Deposits, Direct Deposit Guidelines, and Write Automatic Deposits.