CPA-005 files
TruckerPro writes payments in the CPA-005 format that Canadian banks accept for electronic funds transfer files.
EFT payments
Pay vendors and contractors with one bank file
Create bank-ready CPA-005 files from the bills and pay runs you approved, then upload them to your own Canadian bank. Your bank moves the money.
Included from the Plus plan
| Payee | Amount |
|---|---|
| Kaur Haulage (contractor) | 4,975.40 |
| Northgate Truck Repair | 3,480.25 |
| Prairie Tire & Retread | 1,912.00 |
| Six more payees | 8,406.10 |
| File total | 18,773.75 |
File ready to upload to your bank
Electronic payments without the double entry
Vendor payments
Select the bills you are paying this run and put them in one file instead of keying each payment into online banking.
Contractor pay runs
Owner-operator and contractor pay runs go into the same kind of file, straight from approved settlements.
You upload it
Download the file and upload it through your bank’s business banking. Your bank processes the payments.
Payments recorded
Each payment in the file is recorded against its bill or settlement, so payables and statements stay current.
Your bank, your controls
Approval limits and sign-offs at your bank still apply. TruckerPro never holds or moves your money.
What you need from your bank
EFT files are a business banking service. Before you can upload a CPA-005 file, your bank sets you up with an EFT agreement and an Originator ID. Ask your business banking contact for EFT file transfer; it is often called direct payments or EFT origination.
Once you have it, enter the details in TruckerPro and your files carry your Originator ID. Files are for Canadian dollar payments from a Canadian bank account.
Why carriers switch from cheques
Owner-operators and parts suppliers want to be paid on time, and cheques take time to print, sign, mail and clear. A file built from the bills and settlements you already approved replaces a stack of cheques or a long session of typing payees into online banking.
You keep the same approvals you have today: pick what to pay in TruckerPro, download the file, and let whoever signs at your bank release it.
How it works
From approved bills to a bank file
- 1
Set up EFT with your bank
Get an EFT agreement and Originator ID from your Canadian bank.
- 2
Pick what to pay
Choose bills and approved contractor pay for this run.
- 3
Create the CPA-005 file
TruckerPro builds the file and marks each payment.
- 4
Upload to your bank
Upload it through business banking and release it there.
EFT payments is included from Plus
Starter
Invoice loads, collect payments and settle with drivers.
$30$24/mo
Billed monthly, CAD
$30$18/mo
$216 billed yearly, CAD
US$27US$21.60/mo
Billed monthly, USD
US$27US$16.20/mo
US$194.40 billed yearly, USD
Includes:
- Load invoices with PDF and email
- Custom and recurring invoices
- Customer statements and credit notes
- Payment recording and bulk payments
- A/R aging, refreshed daily
- Customer portal with online card payment
- Driver settlements and pay statements
- AI tools
Essentials
Add bills, IFTA, factoring and owner-operator pay.
$65$52/mo
Billed monthly, CAD
$65$39/mo
$468 billed yearly, CAD
US$58.50US$46.80/mo
Billed monthly, USD
US$58.50US$35.10/mo
US$421.20 billed yearly, USD
Everything in Starter, plus:
- Bills, recurring bills and vendor credits
- Batch payments to vendors
- AI scan of vendor invoices into draft bills
- IFTA quarterly reports with official tax rates
- Fuel card feeds and file imports
- Factoring submissions and fee tracking
- Owner-operator statements with deductions
- Truck units, load margin and per-truck P&L
Plus
Connect your books, your bank and both currencies.
$110$88/mo
Billed monthly, CAD
$110$66/mo
$792 billed yearly, CAD
US$99US$79.20/mo
Billed monthly, USD
US$99US$59.40/mo
US$712.80 billed yearly, USD
Includes this feature
Everything in Essentials, plus:
- Sync with QuickBooks Online, Xero, Sage Business Cloud Accounting or Wave
- Bank and credit card accounts with statement import
- Cheque printing with MICR line
- Matching rules and reconciliation reports
- CPA-005 EFT files for your Canadian bank
- CAD and USD with Bank of Canada rates
- GST/HST return worksheet
- Driver expenses with receipt scanning
Advanced
Run Canadian payroll and keep a full general ledger.
$220$176/mo
Billed monthly, CAD
$220$132/mo
$1,584 billed yearly, CAD
US$198US$158.40/mo
Billed monthly, USD
US$198US$118.80/mo
US$1,425.60 billed yearly, USD
Includes this feature
Everything in Plus, plus:
- Canadian payroll source deductions
- Office staff payroll and PD7A remittances
- T4, T4A, ROE and T619 XML for CRA upload
- US W-2 and 1099-NEC forms
- General ledger, journals and period close
- Trial balance, balance sheet and income statement
- Multi-company consolidation
Prices are per company, per month, before tax. Taxes are extra. The struck-through figure is the list price. Yearly plans are billed once for twelve months. US dollar prices are for companies based in the United States; checkout shows the currency and amount you will be charged.
Questions, answered
Which plan includes EFT files?
Plus and Advanced.
Does TruckerPro send the payments?
No. TruckerPro creates the CPA-005 file. You upload it to your own bank, and your bank moves the money.
Can I pay in US dollars?
No. CPA-005 files from TruckerPro are for Canadian dollar payments from a Canadian bank account.
What is an Originator ID?
An identifier your bank gives you when it sets up your business for EFT file payments. You need it before a bank will accept your file.
Can I pay employee payroll this way?
The files cover vendor payments and contractor pay runs. Employee pay is handled outside EFT files.
Replace the cheque run with one file.
Pick a plan, connect what you already use, and invoice your next load from TruckerPro.