General Inquiries

ACH Payments

  • 1.  ACH Payments

    Posted 03-06-2019 16:40
    ACH payments are becoming more common in the construction industry.  Most accounting programs will allow you to do so.  Our industry has challanges with multiple party payments.  Textura and GC Pay software for the construction industry specialize in the process as well.  If you are a general contractor, please share if you are currently paying subcontractors with an ACH or moving twards eliminating checks in the near futrue.

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    Jackie Buck CCIFP
    Vice President of Finance & Administration
    Harper Construction Company, Inc.
    San Diego CA
    (619) 235-3760
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  • 2.  RE: ACH Payments

    Posted 03-07-2019 09:50

    We started last year playing around with ACH. This year we will be ramping that up, with straight invoices. I don't believe I will be doing that for large payments though, unless the sub is willing to agree to a discount for early pay.

     

    It has been nice not having to cut all of those small checks and just be able to process them straight from the bank.

     

    Tori W – Accounting Manager

    (O) 480-237-0765
    1736 S. Nevada Way, Mesa AZ 85204

     

     

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  • 3.  RE: ACH Payments

    Posted 03-07-2019 15:40
    Hello all-

    We offer check or credit card only to our vendors. Since Commerce Bank does our payments for us they have a solution for ACH that we only offer when a vendor wants off of credit card to go to check, but they still pay a fee and we still earn a rebate on that, it is just a little smaller than with credit card.


    Thanks,
    Melia

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    Melia Pence
    Staff Accountant
    Garney Construction
    Kansas City MO
    (816) 746-7247
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  • 4.  RE: ACH Payments

    Posted 03-13-2019 17:29
    We are working towards only making electronic payments. For new subs/vendors we only offer them ACH or credit cards as a method of payment. We do still write checks as needed, but they are few. We process everything ourselves so we don't use Texture or Comdata.

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    Bobby Redinger CPA, CCIFP
    CFO
    Timberlake Construction
    Oklahoma City OK
    (405) 840-2521
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