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A
adtuer
August 13, 2022
Question

What is a "Company ID for ACH"?

  • August 13, 2022
  • 1 reply
  • 0 views

Hi folks,

 

I'm really confused. What is this "Company ID for ACH"?

 

I'm using QuickBookOnline product for my LLC. I'm planning to use QBO's banking feature to send money and receive payment.

 

The customer company sent over a document (attached here) requires me to fill out "Company ID for ACH". Where can I find it? I assume it is different from account number and credit card number?

Thanks so much!

 

1 reply

Jen_D
Jen_D
August 14, 2022

It's good to have you here in the QUickBooks community, @ adtuer.

 

I'd like to share some information about this number you're asking about.

 

When you're asked for an ACH company ID, this is a 10-digit unique identifier for collecting payments via ACH debit. This helps ensure an ACH debit is delivered to the correct account holder. All communications with NACHA will use this information.

 

If you wish to access ACH directly, you'll need to request a company ID from the bank. If you opt for indirect access, your third-party processor ID's company ID will work.

 

Here's an article about how ACH ID is used in Intuit: What is the Intuit Originating or ACH ID?

 

Please reach out to me again if you need further insights about this. I'll be more than happy to help you out.

A
adtuerAuthor
August 16, 2022

Thanks for your reply @Jen_D .

 

Let me ask my question more in a better way.

 

I have an LLC. I have not opened a bank account yet. My plan was to use "QuickBooks Checking" feature. In this plan, the money flows like this: A ---> B

A. The company that is my LLC's customer

B. My Checking account in QuickBooks 

A now requires me to provide a "Company ACH ID"

Will this work? Which ID should I provide? Thanks. 

 

M
mv32
August 16, 2022

Thanks for your prompt response, @adtuer.

 

Yes, this is different from the account number and credit card number. Make sure to open a bank account before you can get the Company ACH ID by requesting your bank. Once your financial institution has given you this, then you have to enter this in the Company ID for ACH field.

 

In that way, you can move money in and out securely from QuickBooks Checking.

 

Additionally, I'm including these articles for more insights about using a QuickBooks Checking account and how to set up your bank account to QuickBooks Checking:

 

 

Feel free to place a comment if you have more questions about QuickBooks Checking. We're always here to lend a hand. Take care.

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