To add, edit, or remove bank accounts, please contact your Paychex representative.
The Bank Accounts screen lists the banks designated by a client. Bank account information is entered by Paychex and cannot be edited.
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To add, edit, or remove bank accounts, please contact your Paychex representative. |
Options on the Bank Accounts screen include Bank Defaults and Associated Products.
Default Bank - When more than one bank is entered, one bank is designated as the default bank for a product. When designated, this will be the default bank for all organizations. The default bank can be changed when a new organization is set up.
Primary Account - The primary bank account is used for manual collections or refunds initiated by Taxpay, quarter-end collections or refunds on the Outstanding Tax Liabilities (OTL) report, collections of unpaid liability for a newly activated Taxpay client, and collection reductions or refunds from applying overpayments. Only a bank account that is associated with an organization unit for Taxpay can be used as the primary bank account.
Use Associated Products to add an existing bank account to a product or change the bank account for a product.
Click Filter 
to display the following options:
Past Items - Selects banks with an end date before the system date.
Current Items - Selects banks with a start date before and an end date after the system date.
Future Items - Selects banks with a start date after the system date.