Balance an Electronic Funds Transfer File

An electronic payments file is considered balanced when the total debits are equal to the total credits.

An unbalanced electronic payments file doesn't have an offsetting debit record and therefore allows cases where the total debits of the file aren't equal to the total credits. Some banks require an unbalanced electronic funds transfer file.

To set up a balanced or unbalanced electronic payments file:

1. From My Client Groups, click Show More.

2. In Payroll, click Organization Payment Methods.

3. In Payment Information, choose Yes for Balancing Entries to create a balanced file.

   Choose No to create an unbalanced file.