Create Tax Payment
You use the Create Tax Payment page when creating a U.S. state or federal tax payment.
Batch Information
The details in the Batch Information section apply to the entire payment.
Detail | Description |
---|---|
Company Entry Description | A brief description of the payment in ten or fewer characters
The entered text displays on the Payment Center page in the Transaction Name/Reference column for pending or processed ACH payments. |
Originating Account | The account from which the payment originates |
Originating ACH Company ID | The code that identifies the originator
A company account can have multiple ACH company IDs. When this is the case, the page provides a list from which a company user can select the ID that should be used for the payment. |
Company Discretionary Data | Additional information to identify the transaction
This field must not exceed 20 characters in length. You can use this to include a description of the payment, an employee name, a vendor number, or a combination of transaction details. |
Offset Creation Level | Indicates how settlement records should be generated for the batch
Options are as follows:
Note: This option appears only when your company is configured for balanced ACH files.
|
Effective Date | The date on which you want the payment settled for all recipients in the batch
The standard effective date is supplied, but the date may be changed by typing it or selecting it from the calendar. Be sure to allow enough time for processing. The system checks the following conditions to determine whether an entered date should be allowed:
|
Frequency | How often the payment should be made
|
Workflow | Options for the final steps in the workflow
The options are as follows:
Note: This option appears only when your company is configured for balanced ACH files.
|
Recipients
You can create new recipients by selecting them from a list or by importing the information from a file. After adding one or more recipients to the payment, the list displays the following details and options for each recipient.
Column | Description |
---|---|
Recipient Name | The government authority that will receive the tax payment |
Recipient ID | The two-character SEC code for the state or F for Federal |
Bank ID | The bank routing number of the account |
Tax Authority Code | The two-character SEC code for the state or F for Federal |
Account Number | The number of the recipient's account |
Account Type | The type of account:
|
Amount | The amount of child support withheld for this pay period, which is being paid to the authority. |
Credit | Displays "Credit" to indicate the payment as a credit transaction
Note: Tax payments are always credits to the recipient's account, where the recipient is a state tax authority or the Federal government.
|
Disc. Data | Discretionary data is an optional code specific to the originating financial institution that enables specialized transaction handling.
This field is two characters. Depending on the needs of the originating financial institution, it can either hold a single two-character code or two distinct one-character codes. |
Status | Indicates the status as one of the following:
Click the Set All button to quickly change all the recipient transactions to the same status. |
Addenda | Each recipient requires an addendum. To specify recipient details and follow the format required by the tax authority, click Add Addenda. For more information, see Tax Addenda. |
Remove | To remove the recipient, click (the Delete Icon). |