Direct deposit is a process where you create electronic files rather than paper checks. These files are sent to your bank and money is moved around by your bank as needed.
Here is how it works. You perform your basic accounting functions as usual. You prepare checks and payroll checks in Total Office Manager as you normally do. Instead of printing a check, you create a file that is sent to your bank via email or other means. Instead of handing a check to your coworkers or vendors, the bank uses the file you gave them to transfer money electronically. Its all safe and easy.
You can still print a Notice of Direct Deposit and hand this to your coworkers if you wish.
This functionality is something that you must sign-up for with your bank. You must then setup that information in Total Office Manager. A Direct Deposit Setup file is the information you need for Total Office Manager. You can have multiple setup files but most companies will only need one.