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Banking Information |
  
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Banking Information |
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To access the company's banking information, from the main screen, click on the 'Company' picture button, highlight your company, click on the 'Edit' button, then select the 'Banking Information' tab
or
click on the word 'Company' (above the picture button), select 'Banking Information / FAST-Bank™' from the pull-down menu, and then select 'Company Banking Information'.
This tab defines the default method of paying employees in this company. Each employee can have their own payment method in spite of what is set in this tab. For example, this tab may say FAST-Bank™ but one of the employees could be paid by Cash. FAST-Bank™ is the title used in e-PayDay® for the Australian Banking Authority's system of Autopay Direct Crediting; In other words, producing a file which is then transferred over the internet to the bank, which pays all the employees.
This tab contains the following fields
Payment Method - to display the options click on the down arrow. Choose the method with which the employee's are normally paid. Your selection here will become the default method of payment when first adding an an employee; it can then be changed. The methods include...
Cash
Payment handed to the employee in physical currency
Cheque
Payment by cheque.
Deposit
The Deposit option is to be used if you intend to produce a Bank Deposit Report and forward (fax) it to your Bank together with the Net pay cheque for manual processing.
FAST-Bank™
If you select the FAST-Bank™ (Autopay) option, the 'Edit' button will become highlighted and the banking details below will become disabled. This option permits an employee's pay to be deposited direct to their bank accounts. If you intend to use this facility you must first contact your bank to make application for the appropriate service. Your bank will notify you of the details required, to make the direct credit transfers to an employee's account.
NOTE: If you select FAST-Bank™, it is necessary that you click on the 'Edit' button and complete the details in as per Fast-Bank Information.
Listpay - The Listpay option may be used if you have previously arranged with your bank to use this system rather than the Deposit method. Please contact your bank for further details. If you select the Listpay option you MUST complete the following details (last two fields at the bottom of the form):
Contact Name - enter the name of the contact person of your Financial Institution may contact them if necessary.
The fields below will only be available if FAST-Bank™ or Deposit have NOT been chosen as the payment method.
Phone Number - enter the phone number of your contact person in case the Financial Institution has any queries.
Bank Title - click on the down arrow for a list of Financial Institutions. Click on the appropriate bank name.
BSB # (Bank State Branch number) - enter the six (6) digit number provided by your Bank.
Account Number - enter your company's Bank account number from which your employee's net pay will be withdrawn.
Account Name - enter the name of your Company's Bank account from which your employee's net pay will be withdrawn.
If you are not satisfied with the changes made, click on 'Undo' to return the options to how they were when you originally entered the 'Company' TAB.
Once you have made the necessary changes, click on 'OK' to save and return to the Company List.
If you do not wish to save the changes made, click on 'Cancel' to exit without saving.