Net Pay Splits

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Net Pay Splits

How to split the Net Paid amount to more than one Bank Account:

 

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The Net Paid amount for an employee can be automatically transferred to more than one bank account.  To do this:


Go to the 'Edit', 'Employee Master' menu options.


Select the employee to have the Net Paid split.


Go to the 'Pay' tab


Ensure that the 'Payment Method' has been set to 'Transfer'


Press the 'Elipsis' button next to the 'Bank Details' field


A table displays the bank accounts currently setup to be used in a transfer


Press 'Insert' or 'Change' to enter new or amend existing bank details.  Note that the transfer can be set as a percentage of Net Paid or be a specified amount.  It is also possible to set the transfer to for a specified Transaction Code that may not be the 'Net Paid' amount.  

BankSplits


Note: Normally one, or more, of the accounts will be setup to transfer percentages of 'Net Paid' that total 100%.


Notice that it is possible to 'Suspend transfers to this account' at any time by selecting the checkbox.


The currency of the Transaction Codes are required to be the same currency as the bank account.