Do I need a “Telpay Clearing Account” in my accounting software to process payroll?
Using a Telpay clearing account will save you time in reconciling your bank statement. If you post your payroll to your operating bank account you will need to reconcile each item in your operating bank account to the bank statement. If you use a Telpay clearing account all individual payroll amounts will be posted to this account allowing you to reconcile the lump sum payroll amount to the bank account on your bank statement.
Articles in this section
- How do I split the deposit amount for a payroll payment?
- How can I print my transmission reports?
- I am ready to process my second (or third, or fourth...)Sage 50 payroll run. Is this process any different than my first payroll run?
- What does it mean when my "Session Numbers Do Not Match"?
- I overpaid for my payroll/bill payments. What has happened to my remaining funds?
- My computer has crashed. How can I retrieve my Telpay information?
- How can I transfer my Telpay information on to a new computer?
- How do I restore my backup file?
- Error Message: Invalid Transaction Date
- I forgot to back up my software after my session. Can I back up manually?