You can keep the records for your Automated Clearing House payments, also known as direct deposit, in Excel. The National Automated Clearing House Association controls the rules for ACH transactions, which are batched financial transactions between banks and other financial institutions. Direct deposit and direct debit are the most common applications of the ACH system. In order to use Excel for ACH you need to have your data formatted according to the NACHA standards, use an ACH formatting tool and have an active ACH account with a qualified financial institution. Writer Bio
