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Reckon / Quickbooks – Accounts Hosted and PC versions – How to set up and use ABA files to pay suppliers/creditors

images/Red Question Mark.jpgHere is the procedure to set up and use ABA files to pay creditors (For Reckon Hosted and some earlier Quickbooks versions)

Before you can prepare an electronic payment file, you need to complete the following steps. (> means Click)

First - Set Up the a bank account in R for Online Banking

Open the bank account you wish to enable for online banking

  •  Go to the Lists menu, and > Chart of Accounts. The Chart of Accounts opens.
  • Select the bank account you want to enable, right-click and then select Edit Account. The account details open ready for you to edit.

1.     > the Online Bank Details tab.

2.     > to select the Online Account Access check box. R makes a number of fields that relate to online banking active. Enter mandatory information about the online bank account set up with your bank.

3.     Complete the following details:

·           > the Financial Institution drop-down arrow and select the bank. This may take a few seconds to process;

·            Enter the code in the Branch Code field to identify the branch for the financial institution. This code is known in Australia as a BSB number;

·           Enter the account number in the Account Number field;

·           > the Account Type drop-down arrow and select the type of account
You may choose cheque, savings, credit card, money market or line of credit;

·           > to select Include Balance Record if you want to include a balance record for online banking files (ABA format) that you generate. This applies if you plan to pay employees or suppliers by generating online banking files (ABA format) in Reckon. Most banks require online banking files to include a balance record within the ABA file format. You should check with your financial institution first;

·           Enter an APCA number in the APCA number field for this account if it is different from the Default APCA number for your company. The APCA number entered in account details always overrides the default APCA number entered in company banking preferences for all online banking transactions using this account.

4.     Click Save & Close.

Second – Set up Suppliers and Employees for Online Banking

Updating Suppliers:

1.     Go to the Suppliers Centre then > Suppliers Tab;

2.     > Double Click a Supplier;

3.     > Bank Details Tab > Enter Account Name (of Supplier), their Bank Account Number, Bank Name, Branch Code (BSB eg 083245, 6 digits) > OK;

4.     Repeat for all suppliers to be paid using ABA files, or that supply a bank account to pay (not Bpay suppliers usually),

Third  – Process Transactions and Create Online Banking File

Pay Bills

This involves processing transactions as normal, but at the Pay Bills window, Reckon should identify payments set up for banking online and have those ready to include when creating an online banking file. So ensure at the bottom the bank you set up for ABA id=s selected, and next to that the Payment Method is “Bank Online”. Finish transaction with Pay Selected Bills. Then Pay more Bills for the next suppliers to pay or Done to finish.

Create an online banking file:

1.     Go to the Online Banking Centre: > (top menu) Banking menu and > Online Banking Centre;

2.     Scroll to the section To Bank (at bottom);

3.     Choose the date you want the payment to be made, using the calendar from the Date to be Processed  field or today's date as defaults;

4.     Enter a payment description eg Creditors or Bills or Pays. If no payment description is entered, a description of “payment” will display in the ABA file by default;

5.     Tick payees from the list. Each payee must have a bank account defined for them under their employee or supplier record. This includes details for Bank Account Name, Number and Branch Code. In addition, employees must have an employee number;

6.     > Preview ABA File if you wish to review the ABA file before creating it;

7.     > Create ABA File. Reckon displays the standard Windows Save As dialog box with *.ABA entered in the file name at the end;

8.     Enter a name for the online banking file (leaving the .ABA) and choose a location to save it, such as desktop. Reckon provides a default folder within the installation directory called Export Files/ ABA Files. You may choose to save the ABA file in this directory, or in any other directory of your choice;

9.     > Save;

10.   Your ABA file is now ready for upload to the relevant financial institution;

11.   Follow their online instructions to upload a payment file.

Get a FREE30 min answer to your query, and FREEongoing email or phone support – No-one offers as much!

Call and you also get FREE “Avoid these GST mistakes” – There’s 18 that the Tax Office see regularly – Get them right!

Email This email address is being protected from spambots. You need JavaScript enabled to view it. or call 0407 361 596 Australia

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Reckon One – Simple Online Accounting – Reckon One Support, User Guides and How to use Reckon One

images/ReckonLogo.icoHave you started with Reckon One?

It is the Reckon online accounting software where you pay for the modules you need – starting at $5 month, you can enter data, report on GST for BAS, online backup and 24/7 support. Then invoicing, bank feeds of transactions into the software, is $13 month, add payroll (unlimited) $18 month – each is billed monthly. See all about Reckon One.

Need to learn Reckon One?

Want some videos and manuals?

Training Reckon ONE

Live Webinars - http://go.reckon.com/training-one/ starts at live webinars to attend/book

The Next tab is Videos page - http://go.reckon.com/newreckonone-videos/

The Next tab is Recorded Webinars - http://go.reckon.com/reckon-one-recorded-webinars/ - (getting Started, Core Modules, Invoices, Projects (Jobs) and Bank Data Module) and more are in the Academy – free sign-up!

YouTube videos - payroll

Payroll set up https://youtu.be/3t_yQ1F5wew

Process Pay Run https://youtu.be/T4_V1PjT5BY

User Support & Guide download from - http://home.reckon.com.au/support/Home/ReckonSupport/InstallationUpgradeGuides.aspx

Community Reckon One - https://community.reckon.com/reckon/categories/reckonltd_reckon_one  where you can search your topics at the top search box

Knowledge Base (KB) FAQs and Search links - http://kb.reckon.com.au/index.asp

Also don't hesitate to contact Reckon if you have any questions on 1300 756 663 or This email address is being protected from spambots. You need JavaScript enabled to view it. .

Or call us! – 0407 361 596 Paul for free help up to 30 min!

Need help? Not sure? Call for FREE30min advice / strategy session today!

Call and you also get FREE “Avoid these GST mistakes” – There’s 18 that the Tax Office see regularly – Get them right!

Email i This email address is being protected from spambots. You need JavaScript enabled to view it. or call 0407 361 596 Australia

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Accounting Software Australia, MYOB, Quickbooks, accounts software, bookkeeping software
Accounting Software Australia, MYOB, Quickbooks, accounts software, bookkeeping software
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