Change a Payees Banking Details
Jan 19, 2024
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🎯 Edit is unavailable if the Payee is included in an unposted Pay Run. To edit the Payee, the Payee must either be removed from the Pay Run or the Pay Run must be posted/reported to the ATO.
Select Payees
Locate the Payee you require by manually scrolling through the Payee List, entering the name into Search or using Show Advanced Filters.
Once the Payee has been located, select Actions > Edit.
🎯 Edit is unavailable if the Payee is included in an unposted Pay Run. To edit the Payee, the Payee must either be removed from the Pay Run or the Pay Run must be posted/reported to the ATO.
Select Employment and Payment.
Navigate to Payment Method.
Update the Amount, BSB, Account Number, Account Name and Reference as required for any existing Bank Accounts.
To remove an account, select Delete.
If the Account has been saved previously, the Delete Icon will update to Undo, allowing you to reverse the changes. The account will not be deleted until Save is selected.
🎯 If $ was chosen instead of %, or % was chosen instead of $, the Bank Account must be removed to update this setting.
🎯 If an account exists with an amount of 100.00% and a new Bank Account is added, the amount for the existing account will be reduced.
🎯 If all bank accounts have a set dollar amount and the TOTAL NET is LESS than what is defined in Banking, payments will be disbursed in order, ignoring any accounts that cannot be used.
Example - The Payee's Net Pay is $500.00 and there is 3 Bank Accounts established. The First Account is set to $400.00, the second account is set to $300.00 and the third account for the balance.
As $400.00 is paid to the first account, there is only $100.00 of the Net Pay that remains.
As ONLY $100.00 remains, this is transferred into the second account and the third account is ignored.
As $400.00 is paid to the first account, there is only $100.00 of the Net Pay that remains.
As ONLY $100.00 remains, this is transferred into the second account and the third account is ignored.
🎯 If all bank accounts have a set dollar amount and the TOTAL NET is MORE than what is defined in Banking, payments will be disbursed in order, with the 'overpayment' being paid into the last account.
Example - The Payee's Net Pay is $1,000.00 and there is 2 Bank Accounts established. The First Account is set to $400.00 and the second account is set to $300.00.
As $400.00 is paid to the first account, there is $600.00 of the Net Pay that remains.
As $600.00 remains, this is paid into the second account., rather than $300.00 as defined, otherwise the payee would be underpaid.
As $400.00 is paid to the first account, there is $600.00 of the Net Pay that remains.
As $600.00 remains, this is paid into the second account., rather than $300.00 as defined, otherwise the payee would be underpaid.
Once all required changes have been made, select Save.
