achbusiness.com provides support for automated recurring payments. This feature allows end-users
to set up loan payments, automated billing, and general ledger (G/L) entries on an automatic,
recurring schedule. The debit/credit accounts are configured in the database by the client and a
file frequency is chosen. Once configured, the system will automatically determine the next
generation/effective date. Every business day morning, the system will determine if the file should
be created, and if so, will create it, commit it to your Financial Institution, and send you a
report via email. FI's can use this feature to automatically collect loan payments and post them directly
to their loan account or a G/L account.