Configure Organization Payment Method for India

Use the Organization Payment Methods task.

You can map the same payment source to different payment types. You can use the payment source at the TRU level by defining a rule.

Derive Payment Source Based on TRU

You pay your workers by electronic funds transfer (EFT) payments. To comply with tax reporting unit (TRU) regulations for out-of-TRU payments, payment rules are created based on TRU to pay from two different banks. This table helps you understand your key decisions for this scenario:

Decisions to Consider	In This Example
How many OPMs do you need?	One.
How many payment sources do you need?	Three. One default payment source for the TRU1, one source for payments in TRU2, and one source for payments in TRU3.
How many bank accounts do you need?	Three. One for each payment source.
What payment method rules do you need?	Rules for bank accounts used as payment sources based on each TRU.

Prerequisites

Verify you have completed these before you continue:

1. Primary ledger is set up in Oracle Cloud General Ledger.

2. Banks, branches, and account info to use as the payment sources are set up in Oracle Cloud Cash Management.

3. Legal entity associated with the legislative data group is assigned to a general ledger.

4. TRUs are set up.

Create the OPM with Basic Details

Add new OPM in the Organization Payment Methods page with this info:

1. Click the Organization Payment Methods task.

2. In the Search Results section, click Create.

3. Select your legislative data group. This example is InFusion LDG.

4. Select the date this payment method is to be available for use.

   Tip: Select a date that's on or before the effective date this payment method will be used by the payroll definition or other objects.

5. Click Continue.

6. In the Organization Payment Method section, enter the required info for the fields:

   Field	Value
   Name	Payroll Direct Deposit
   Payment Type	Direct Deposit Note: The available payment types for OPMs can vary by legislation.
   Currency	Payment currency

7. In the Payment Information section, enter the required info for the fields:

8. Use the Prenotification option to trigger the routing number and account number verification.

   To enable prenotification, select the Prenotification Required checkbox and set the notification days.

9. Click Save.

Add Direct Deposit Info

When you select the direct deposit payment type, you have the option enter EFT info at these levels:

Note: EFT file info entered at the payment source level takes priority over info entered at the organization payment method level.

1. Payment source level

2. Organization payment method level

3. Both levels

Create Payment Sources

Perform these steps three times to create each payment source.

1. In the Payment Sources section under Payment Source Information, click Create.

2. On the Create Payment Source page, enter a unique name for the payment source.

   Tip: Keep your payment source names unique and specific as possible for each scenario. This naming convention helps you manage complicated combinations of OPMs and payment rules.

3. In the Source Bank Information section, select the account name. This associates the organization bank account to the organization payment method.

4. Click Continue.

Create Payment Rules

Perform these steps three times to create each payment source.

1. In the Payment Method Rules section, for the direct deposit payment , ensure that the default setting is Yes.

2. In the same section, click Create to create payment rules that map a payment source to a TRU.

3. Click Submit.