What and Why?
NACHA stands for the National Automated Clearing House Association. Nacha files are a standardized file format used to process Electronic Funds Transfers (EFTs) through the Automated Clearing House (ACH) network in the United States.
This feature allows our US-based clients to perform bank transfers for owner payments, similar to how SEPA transfers function in the EU. These files contain detailed transaction information, including:
Account numbers
Bank routing numbers
Transfer amounts
Compatibility
The Nacha export module is available for companies based in the United States. Before starting, ensure your US bank supports the upload of standard Nacha files for ACH processing.
Activating the Module
To begin using the module, navigate to Accounting > Export data > Nacha Export > Setup and complete the initial setup
How the Module Works
Generating the Export File
Access Accounting > Export data > Nacha Exportación > New Export
From the Payments to be Made screen, select the payment(s) you wish to include in the transfer file.
Click "EXPORT TRANSFERS"
The system will display a configuration summary and an autogenerated file name. Click "Next".
You can also trigger this workflow directly from an individual settlement record
Error Handling and Validation
The system automatically validates your data. If information is missing, such as a recipient's bank account details, the system will highlight these issues.
All validation errors must be resolved before you can proceed.
Preview and Finalization
Review the preview of the bank transfer details.
Click "Perform Export" to generate the file.
Download the generated file from the Completed Exports list and upload it to your bank's platform.
Attention to Detail
Automatic Updates: When the file is successfully generated, the settlement status is automatically updated to "Paid", the date is set to the current dat and the method is recorded as "Bank Transfer".
Requirements: To be included in an export, a settlement must have a payment status of "Pending".