Understanding How to Set Up the Banking Process for France

Complete these setup tasks to use the banking feature for France:

  • Set up banks and branches.

  • Set up funding sources.

  • Set up disbursement requirements.

Bank and Branch Setup

To set up bank and branch data:

  1. Define banks using the Bank Table (BANK_EC ) page.

  2. Define bank branches on the (BANK_BRANCH_EC ) page.

Complete these steps in the PeopleSoft HR application.

See PeopleSoft Global Payroll: Understanding Banking.

Funding Source Setup

Funding source setup refers to the source of the funds needed to pay employees and other workers.

To set up funding:

  1. Specify the electronic funds transfer (EFT) formats you will be using on the Electronic Transfer Formats (EFT_NAME ) page.

    An EFT is a standard interbank file format.

    Note:

    PeopleSoft does not deliver the EFT file format needed to transfer money to the bank. You must define this yourself.

  2. Define source banks for payroll on the Source Bank Accounts (SRC_BANK ) page.

  3. Specify a default source bank for the pay entity on the Processing Details (GP_PYENT_PRCS_DTL ) page.

  4. Define the level at which payroll are funded on the Source Bank Link (GP_PE_SBANK_LNK) page.

    For example, sources can be specified at the company, department, establishment, or pay group level within a pay entity.

Complete these steps in the PeopleSoft Global Payroll core application.

See PeopleSoft Global Payroll: Understanding Banking.

Disbursement Requirements Setup

Disbursements refer to payroll distributions.

Net pay disbursements go to payees, and deduction amounts can be distributed to recipients such as a healthcare provider or a government agency.

To set up disbursements:

  1. Define deposit schedules on the Deposit Schedules (DEP_SCHED) page.

  2. Define recipients using the Deduction Recipients (RECIPIENT) component.

    Recipients can be entities (general recipients) or individuals (individual recipients).

  3. Assign recipients to deductions.

    This procedure varies with the recipient type.

    • Link individual recipients to deductions and payees through the payee-level Deduction Recipients (GP_RCP_PYE ) page.

    • Link general recipients to deductions through the Recipient (GP_RCP_DED ) page of the Deduction component.

    Note:

    Global Payroll for France enables you to specify the recipient of a garnishment directly on the Recipient tab of the Assign Garnishments FRA page. You do not need to enter this information on the core application Deduction Recipients (GP_RCP_PYE ) page.

  4. Identify an individual's bank account information and disbursement details on the Maintain Bank Accounts (PYE_BANKACCT) and Specify Net Pay Elections (GP_NET_DIST) pages.

    This is necessary for disbursing an individual's net pay electronically.

    Note:

    Payees can manage their own personal payroll information, such as updating personal bank account information and payroll payment distribution instructions on self-service pages in PeopleSoft ePay. These pages are discussed in the PeopleSoft ePay .

Complete these steps in the PeopleSoft Global Payroll core application