Use the direct deposit process to send
employee expense payments to your
employees' banks or other financial institutions.
Prerequisites: You must enter direct deposit information for
employees before you process any direct deposits. You enter the direct deposit information in the
Employees hub.
To process direct deposits for
employee expense payments:
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On the Navigation menu, click
.
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On the
Employee Payment Processing form, clear the
Create payments instead of direct deposit for this run option.
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From the
Payments to Include drop-down list, select
All,
Printed Payments Only, or
Direct Deposit Only.
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Process checks for the selected payment run.
When the process completes, the
Employee Payment Processing form closes.
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On the Navigation menu, click
.
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On the
Employee Direct Deposit Processing form, enter a date in the
Effective Entry Date field.
This is the date when entries are to be posted to
employee
accounts.
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Select the
Exclude runs already processed option to exclude previously processed runs from the list on the
Employee Direct Deposit Processing form.
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Click
Report to review the Direct Deposit report for the selected run.
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Click
Bank Code Maintenance to modify direct deposit information for the bank codes associated with the selected run.
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Click
Process to create the files to send to each bank.
Direct deposits are processed for those
employees who were set up for direct deposit when this run was posted. The direct deposit files are generated using the names that display in the
Expense File Name field for each bank. The file names and locations can vary from session to session.
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Review the files created and send them to the appropriate banks.