How to change the bank account for payroll cheques

Created on 21 November 2022 | Last modified on 21 November 2022

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Summary

Change bank accounts for processing paycheques in the Sage 50 Accounting payroll settings.

Resolution

Go to Setup, Settings, Payroll, Linked Accounts, then Income.
Select the Principal Bank dropdown at the top to update your payroll bank account.
Click OK.

NOTE:

If you use EFT direct deposit for payroll, you can also update the direct deposit banking information in the company settings.

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