Positive Pay - Sandler*Kahne Software, Inc.

• For use in US - Electronic Tax Payment supports the National EFTPSprogram. Currently supports 941, 940, 945, 1120 and 990T payments. Statetax payments are also supported.• EFT document summarization options are available (by vendor) - (onerecord/all batches, one record/batch, one record/check, one record/voucher).• For use in US - Pre-notification (and zero dollar) entries are automaticallysent to your bank at any time (now an optional requirement by NACHArules).• For use in US - Pre-notification (and zero dollar) management is nowautomatically maintained. The required 6 banking days is computed by theprogram.Positive Pay Features• Supports both Accounts Payable and Payroll checks.• Full Multi-Company support – both in one database and in separatedatabases.• Standarrd Positive Pay file format provided. Any bank’s format is easilyconfigured using a Crystal report.• Multiple company checking accounts can be maintained.Features common to both AP EFT and Positive Pay• Three different communications options are available to transmit theEFT/Positive Pay file to your bank, including “built-in” - requiring noadditional communications software.• Built-in asynchronous communications uses your desktop dial-upnetworking settings for effortless communications setup.• Built-in communications supports 9 communication protocols and automatedscripting of logon and transfer.• Optionally, integrates seamlessly with third party (or your bank’sproprietary) communications programs.• Files and scripts can be secured by user defined sub-directory location.• Multiple file header & trailer records are supported - completely userdefined. Multi-Company header/trailers.• Written completely in Solomon’s VB Tools - fully customizable.• Written by the author of the Payroll Direct Deposit module for Solomon III& IV (Release 2.x).2 • Introduction A/P Electronic Funds Transfer w/ Positive Pay