Set the Payees Payment Method to EFT and enter the Banking Details
Jun 17, 2024
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Select Payees.
Locate the Payee you require by manually scrolling through the Payee List, entering the name into Search or using Show Advanced Filters.
Once the Payee has been located, select Actions > Edit.
🎯 Edit is unavailable if the Payee is included in an unposted Pay Run. To edit the Payee, the Payee must either be removed from the Pay Run or the Pay Run must be posted/reported to the ATO.
Select Employment and Payment.
Navigate to Payment Method.
Select EFT.
Select the Dollar or Present Icon and enter the relevant amount. Select the Balance Icon to pay the remaining amount after all $ or % accounts have been paid.
🎯 At this stage, Bank Accounts cannot be a combination of % and $. All Bank accounts must be set to one of those options.
🎯 If the Payee has advised that;
1. They only have 1 Bank Account, select Percent and enter 100.00.
2. A set dollar amount must be paid into that Bank Account; select Dollar and enter the amount.
With this option, please ensure a bank account is added where Balance is selected so that the remaining pay goes into the second (or third etc.) account.
With this option, please ensure a bank account is added where Balance is selected so that the remaining pay goes into the second (or third etc.) account.
3. A set percentage amount must be paid into that Bank Account; select Percent then enter the amount.
With this option, please ensure a bank account is added where Balance is selected so that the remaining pay goes into the second (or third etc.) account.
With this option, please ensure a bank account is added where Balance is selected so that the remaining pay goes into the second (or third etc.) account.
Enter the BSB, Account Number, Account Name and Reference.
Then select Add to add the Account.
Repeat the above steps until all accounts are added, then select Save.
🎯 If an account exists with an amount of 100.00% and a new Bank Account is added, the amount for the existing account will be reduced.
🎯 If all bank accounts have a set dollar amount and the TOTAL NET is LESS than what is defined in Banking, payments will be disbursed in order, ignoring any accounts that cannot be used.
Example - The Payee's Net Pay is $500.00 and there is 3 Bank Accounts established. The First Account is set to $400.00, the second account is set to $300.00 and the third account for the balance.
As $400.00 is paid to the first account, there is only $100.00 of the Net Pay that remains.
As ONLY $100.00 remains, this is transferred into the second account and the third account is ignored.
As $400.00 is paid to the first account, there is only $100.00 of the Net Pay that remains.
As ONLY $100.00 remains, this is transferred into the second account and the third account is ignored.
🎯 If all bank accounts have a set dollar amount and the TOTAL NET is MORE than what is defined in Banking, payments will be disbursed in order, with the 'overpayment' being paid into the last account.
Example - The Payee's Net Pay is $1,000.00 and there is 2 Bank Accounts established. The First Account is set to $400.00 and the second account is set to $300.00.
As $400.00 is paid to the first account, there is $600.00 of the Net Pay that remains.
As $600.00 remains, this is paid into the second account., rather than $300.00 as defined, otherwise the payee would be underpaid.
As $400.00 is paid to the first account, there is $600.00 of the Net Pay that remains.
As $600.00 remains, this is paid into the second account., rather than $300.00 as defined, otherwise the payee would be underpaid.
Select Save.
