What is a "Company ID for ACH"?

It's good to have you here in the QUickBooks community, @ adtuer.

I'd like to share some information about this number you're asking about.

When you're asked for an ACH company ID, this is a 10-digit unique identifier for collecting payments via ACH debit. This helps ensure an ACH debit is delivered to the correct account holder. All communications with NACHA will use this information.

If you wish to access ACH directly, you'll need to request a company ID from the bank. If you opt for indirect access, your third-party processor ID's company ID will work.

Here's an article about how ACH ID is used in Intuit: What is the Intuit Originating or ACH ID?

Please reach out to me again if you need further insights about this. I'll be more than happy to help you out.

Thanks for your reply @Jen_D .

Let me ask my question more in a better way.

I have an LLC. I have not opened a bank account yet. My plan was to use "QuickBooks Checking" feature. In this plan, the money flows like this: A ---> B

A. The company that is my LLC's customer

B. My Checking account in QuickBooks 

A now requires me to provide a "Company ACH ID"

Will this work? Which ID should I provide? Thanks. 

Thanks for your prompt response, @adtuer.

Yes, this is different from the account number and credit card number. Make sure to open a bank account before you can get the Company ACH ID by requesting your bank. Once your financial institution has given you this, then you have to enter this in the Company ID for ACH field.

In that way, you can move money in and out securely from QuickBooks Checking.

Additionally, I'm including these articles for more insights about using a QuickBooks Checking account and how to set up your bank account to QuickBooks Checking:

• Learn more about QuickBooks Checking
• Use your QuickBooks Checking account

Feel free to place a comment if you have more questions about QuickBooks Checking. We're always here to lend a hand. Take care.

Hey @Jovychris_A I thought QuickBook Checking itself can serve my need of "getting money" and "paying money", no?

If I sign up another bank, let's say Bank of America (BOA) business account. I can use BOA's "Company ID for ACH" to receive payments from my customer. Money will flow between BOA and my customer.  Then why do I need QuickBook Checking for? Why would I want to move my money between BOA and QuickBook checking account?

Hello, adtuer. 

The advantage of QuickBooks checking is to save you money if you use an instant deposit, as there's no additional fee for using your QuickBooks Checking account.

Also, when you sign up for  QuickBooks Payments, you'll automatically obtain a QuickBooks Cash account and a debit card. This checking account is where all of your customer payments get deposited. From there, you can easily put funds in and out of the said account.

You can keep these articles to know more about QuickBooks Cash. 

• Learn more about QuickBooks Cash accounts and the Cash Flow menu
• Use your QuickBooks Cash account

Feel free to get back to us here if you have other questions or concerns. The Community and I are always here to help.