ACH

Qustions and answers about ACH

  • CONSOLIDATING PORTS ON ACH STATEMENT

    QUESTION: We are trying to research the ability to consolidate ports for our Customs ACH statement and wondering if the community is able to point us in the right direction. ************* Answers:We pay on average about 15+ ports per month on ACH PMS and each port submits their own statement daily and monthly.  The payment […]

  • ACH SET-UP CF 5106

    QUESTION: We are trying to set up our company on ACH (mulitple divisions) .After sending form 400 and being asked for a 5106, all has been going smooth and the PUN was finally obtained for some of our divisions. We then continued to go one EIN at a time for the next batch of divisions […]

  • ACH FOR NON-RESIDENT IMPORTER

    QUESTION: Can a nonresident importer use ACH debit and PMS?  If so, are there any restrictions on US based Trade Compliance team completing the application/initiating the process or does it need to be managed by nonresident? =========== Answers: Any established IOR can file for PMS, and NRI is an established IOR. Likely you would need […]

  • ACCRUING FOR ACH DUTIES

    QUESTION: Due to Customs debiting duties the month after they occur, we are internally required do an accrual for those duties. The accrual is due around the 5th of the following month (ie duties incurred in September, duties debited by Customs in October). We clear our freight 5 days prior to arrival. In addition to […]

  • ACH Debit PMS Users – Finance Debit Approval Process Question

    QUESTION: I have my company 99% of the way convinced to move forward with ACH Debit PMS. (Hooray!) Our AP dept would like to keep an approval process for debits in place for this program. That means, under the standing internal and banking process, payment would be delayed by one business day. This, of course, […]

  • ACH DEBIT VS CREDIT

    QUESTION: Looking for the pros and cons of ACH Credit and ACH Debit. ========== Answers: ACH debit has huge advantages. You can better control your cash flow because you know the exact day that funds will be transferred to CPB. Using ACH reduces administrative and check processing costs, reduces reconciliation costs and simplifies accounting. Also […]

  • AM008 report does not match AR-007 Quickviewreport

    QUESTION: The duty amount of our October 22 ACH payment in the AR-007 Periodic Statement Quickview Report does not match the estimated duty in our September AM008 report .  I realize the HMF and MPF are not in the AM008 report, but shouldn’t the estimated duty in the AM008 report match the duty amount in […]

  • ACH DEBIT VS. CREDIT

    QUESTION: I am working to move our company to PMS.  As part of the process we are required to sign up for ACH payments.  My company is reluctant to sign up for ACH Debit as they do not like the idea of anyone (even the government) having the access to our bank account and having […]

  • ACH PROCESS

    QUESTION: We are trying to decide if we want to switch to Periodic Monthly Statements for US Customs. When are ACH Statement Numbers for PMS ACH Debit assigned by US Customs?  Our A/P payments to clear the debit require both the entry number and the ACH Statement Numbers to process in our system. The funds […]

  • ACH REFUND PROCESS

    QUESTION: I have paid my duty statements via ACH ever since it first started but never signed up for the ACH Refund process and I cannot remember why we elected not to use it! We still get our refunds via a paper check. Am going to take a 2nd look at the electronic refund and […]

  • ACH PAYMENT ALLOCATION

    Question: We are exploring the idea of paying our duties via ACH. We currently allocate the charges to each individual plant that receives the goods. Does anyone in the membership pay via ACH and also codes the charges to individual plants? If yes, how is this process performed? *************** Answers: We pay duties via ACH. […]

  • HMF PAYMENT VIA ACH

    Question: Can anyone in the membership share instructions on paying quarterly CF349 HMF fees via pay.gov? I do not see where on the site to setup the ACH payment. ========== Answer: It has been a while since I had to do this but I recall it is a private form. I think you have contact […]