I would like to generate a
National Automated Clearing House Association
compatible ACH file to send to my bank, so that I can generate payment to Vendors.
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This capability was introduced into Odoo version 15.
To use it:
1. For each BANK Journal you wish to use to Pay Vendors, complete the NACHA configuration section of the Outgoing Payments tab:
Note: The information is normally provided by your Bank once you have been approved to send payments via ACH.
Immediate Destination: This field contains the routing number of your bank or credit union.
Destination: This field contains the name of your bank or credit union.
Immediate Origin: This field contains your 9-digit company ID (EIN) unless your bank specifies otherwise.
Company Identification: This field contains a 10-digit number made up of your company ID (EIN), with an additional number at the start, often a 1 but you should check with your bank in case it is a different number.
Originating DFI Identification: The Depository Financial Institution field contains your assigned 8 digit number.
2. Record each payment and use the NACHA payment Method. It is important to understand the cutoff for same-day payments. The file you generate will need to have either a future date for each payment, or be sent before the cutoff if the dates match today's date.
3. Once you have created all the Payments you want to include in a NACHA file (one per Bank), you would select them all from the Payments screen and choose CREATE BATCH PAYMENT from the ACTION Menu:
4. Open the Batch Payment and switch to the EXPORTED FILE tab to access the file:
If you need to make any adjustments you can click "Re-generate Export File" to re-create a new file to download.
Note: You may find this video (similar workflow, but for SEPA in Europe) useful:
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