Third-Party Rollup Payments

A third-party payment is a payment you make to organizations. The organization could be a court, labour union, or a pension provider, or persons not on the payroll.

Before you run the Third-Party Payments Register process to view third-party payment details, complete these tasks:

1. Calculate and verify prepayments

2. Run the Third-Party Payments Rollup process

3. Generate the payments

The Run Third-Party Payments Rollup process is optional. Use the Run Third-Party Payment Register process to consolidate multiple payments made to a third party and generate a single payment.

Understand Third-Party Rollup Payments

A union can have several of its members belonging to the same employer. An employee can have multiple deductions made to the same third-party payee, such as multiple child support orders.

Rather than make individual payments for each individual employee deduction, you can roll up the multiple payments into a single payment. Use the Third-Party Payments Rollup process to combine the individual employee deductions and pay the union through a single payment instrument. Additionally, you can generate the third-party payments register and provide the third-party payee employee and deduction details.

Exclude Third-Party Payment Methods

You may want to exclude specific third parties from the Third-Party Rollup process because they may want an individual cheque per payment. For example, the UK requires that deduction from earnings orders, such as child maintenance payments, be sent as separate transactions.

Select the Exclude from Third-Party Rollup Process check box on the Third-Party Payment Methods page to exclude a third-party payee from the Third-Party Rollup process. Use the Third-Party Payment Methods task to access this page.

Generate the third-party payments register to view the individual payments made.

Report Third-Party Rollup Payments

Here's what you can generate and view after you run the Third-Party Payments Register process:

• List of individual third-party payments and the corresponding employee deduction information

• List of all rollup payments and deduction information of employees who share the same rollup payments

• Consolidated total of each rollup payment

• Payments made to each individual payee

• Consolidated total of multiple deduction payments of each employee

• Component name and component reference of involuntary deductions stored on the calculation cards

• Element name of voluntary deductions