|
'Banking Details' button |
  
|
|
'Banking Details' button |
|
To access an employee's bank account details click on the 'Banking Details' button in the Payrun 3 TAB of their details. The button will be greyed out unless Deposit, Listpay or FAST-Bank™ is selected as one of the employee's payment methods. You may enter up to a maximum of ten (10) bank accounts per employee.
# - this is the priority of the account. The lower the number, the higher the priority. See examples below.
$ or % - enter either a percentage (%) or a dollar ($) value of the employee's pay to be allocated to this account. (If you have only one bank account for this employee the % or $ is not needed). This is only applicable if the employee has provided more than one bank account. There is a limit of ten (10) separate bank accounts per employee.
In the event that an employee has more than one bank account, the '$ or %' field SHOULD BE BLANK for the lowest priority bank account. Therefore if there is any amount left over it will go into that account.
BSB - enter the BSB (Bank State Branch) number for this particular account.
Account No . - enter the appropriate account number for this bank account.
A/C Type - this is not a compulsory field. The employee's Bank will advise you of the Account Type if applicable.
Reference - This reference will show on the Bank Statement that this Account is linked to. It has a maximum capacity of 18 characters. (eg. This account may belong to a Real Estate Agent, the reference could be - Rent John Citizen)
Account Name - enter the name of the employee's account.
Click on the 'OK ' button to save your employee's banking details. If you do not wish to save the banking details then click on the 'Cancel ' button.
Examples of using multiple accounts
EXAMPLE 1 : We have Mary Smith paying rent as her first priority, then putting some money away for a "rainy day", and then putting what's leftover into her usual savings account.
EXAMPLE 2: Even the setup below looks strange, it actually yields exactly the same result as example 1. This is to demonstrate that e-PayDay® looks at the number in the # column, and which ever line has the lowest number, it will look at that line first.
