Specifying Employee Bank Information

Payment Distribution

DIRECT_DEPOSIT_NLD

Workforce Administration > Benefit Information NLD > Maintain General Information > Payment Distribution > Payment Distribution

Enter payment method and bank account information for each employee.

Priority

Enter a priority to indicate in which order to make payments or distributions to multiple accounts. The lower the priority number, the higher the priority. This is important when an employee's net pay doesn't cover all payments and account deposits.

Payment Type

Select the payment type:

Cash: if the employee is paid in cash.

Bank: if the employee's pay is paid into a bank account. Enter the details in the bank account fields.

Giro: if the employee's pay is paid into a Post Bank account.

Bank ID

Select the employee's bank. Set up bank details on the Bank Table page.

Branch ID

Select the employee's branch. This is an optional field for banks in the Netherlands.

Account Nbr (account number)

Enter the employee's account number, or select the account number if you have set this up on the Maintain Bank Accounts page. It must comply with the 11-Check account validation method.

Ledger Account# (ledger account number)

If the payment is cash for the deposit of any uncollected funds, enter a ledger account number.

Net Pay Amount

Enter a percentage of net pay or an exact amount to be paid. If there are multiple payments or distributions, then state each as either a percentage of net pay or an amount.

For example, an employee might want to have 50.00 EUR deposited to a savings account, receive a check for 100.00 EUR, and have 100 percent of the remaining net pay deposited to a checking account.

Currency

Select a currency for payment distributions.

Ascription

(Optional) Enter information regarding the name or identity of the account owner.