My Payment Methods - WEPPM#
The purpose of this screen is for employees to enter their own bank account information during the Onboarding Process or throughout their employment with your organisation.
Bank#
- Priority
- The order of which the banking records will be processed.
- Method
- This column is attached to the lexicon X_PAY_BY_METHOD. This column outlines the 2 different ways to pay out an employees earnings.
- Amount
- The dollar amount to be paid to the related bank account.
- Percentage
- The percentage that is used to calculate the total amount of earnings that will be issued using the related pay method and account information. This is usually set to 100% when an employee has their earnings going to only 1 bank account. Another common setup would be a 50% split between 2 different bank accounts.
- Bank Transit
- This number identifies the bank and branch. For Canadian Installations: The transit number is in the format of ddddddddd where the first 4 digits identify the bank transit while the last 5 digits identify the branch transit.
- Bank Name
- This field displays the full name of the bank.
- Country
- This field identifies the country of origin for the bank.
- Account
- This field displays the bank account for which the funds are withdrawn from. This information is provided by the bank.
- Currency
- Currency is the actual currency in which the funds are transferred.
- Check Signature
- This is a link to an external file that contains te signature to be used when creating payroll checks from this bank account.
GL Accounts#
- Cash,Checks,Deposits
- G/L codes are entered for each of these payment accounts. These codes are defined through the Maintain G/L Accounts (IDGA) form.
- Pre-Notification Days
- For U.S. Installations Only: the ‘Pre-Noting Days’ field indicates the amount of lead-time (in days) that a bank requires before actual deposits may be processed by the bank.The time begins from the pay issue date of the payrun.
- Starting Number
- This is the number of the first check in the series.
- Ending Number
- This is the number of the last check in the series.
- Last Used
- This field is initially entered by user and provides the last check number used. The next check to be printed will have the next sequential number. (e.g., If the number displayed in this field is 305648, the next check will be numbered 305649.)Each time the Disburse Pays (UPDISB) process is run, this number will be updated.
- Manual
- If this toggle is set to ON, this range of check numbers are set aside to be used on manually produced checks. If the Manual toggle is OFF, the range of check numbers are not to be used for manually produced checks.
- Restricted
- If this toggle is set to ON, the range of the check numbers may be used only for the current entity. If this toggle is set to OFF, the check range may be used by any entity using this account.
Did you know...#
You can attach a Media Column to this form to enable the employee to attach an image or PDF copy of their direct deposit form/voided check.Screen captures are meant to be indicative of the concept being presented and may not reflect the current screen design.
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