Make or receive payments through Automated Clearing House for internal controls over disbursements and receipts
The WolfePak General Ledger/ACH module is a solution add-on that lets you make or receive payments through Automated Clearing House. The module interfaces with accounts payable, accounts receivable and revenue billing to send or receive payments from customers, vendors and owners.
Using this feature to pay interest owners lets management t maintain strict internal controls over revenue ACH/wire disbursements. It also eliminates the need to send each owner’s monies to an ACH Clearing account and then extract for ACH.
The revenue cycle can be set up to create separate ACH and wire/direct deposit files. GL/ACH also makes receiving payments easier and more secure.
You can print or automatically email draft/payment notices. The ACH update creates the ACH file to send to the bank and also creates general ledger entries, recording payments or drafts.
Interfaces with accounts payable, accounts receivable and revenue billing to send/receive payments.
Your WolfePak conversion sets up post-conversion implementation and training, to ensure that your new system scales and supports your growth.
To see how WolfePak can help your growing business run leaner and faster, call us at (325) 677-1543 or contact us.