May 2014 Financial Report

Accounting

Finance started processing Automated Clearing House (ACH) payments to Accounts Payable vendors.  ACH refers to direct deposit payments made by the City of Sandy electronically to the vendor’s bank account.  Advantages of this?  The vendor receives immediate payment, no waiting time for the check to arrive in the mail.

Oregon State Treasury~ Local Government News Report
Click here to view the May 2014 News Report.