Employee Payments

Use Employee Payments to reimburse employee expenses, pay employee advances, and set up direct deposit transactions for employee expense reimbursements.

When you pay the employee expenses in Employee Payments, you can generate any of the following forms of payment:

• Printed checks with a check stub
• Electronic funds transfer (EFT) transactions; these create a direct deposit advice form rather than a check and stub
• A .txt file or .xml file that contains the payment data for a third party to process instead of generating the payments directly in Vantagepoint (using the Export to Text option)

You can process payments in two ways:

• Automatically: The payment run includes expenses for all employees who match the criteria you specify.
• Manually: The payment run includes only those expenses that you specify.