Third-Party Payment Rollup

A third-party payment is a payment you make to an external organization or to a person that isn't on the payroll.

The Run Third-Party Payment Rollup is an optional process to consolidate payments to a third-party payee into one payment, rather than make multiple individual payments to the same third-party payee. For example, you may havemultiple employees that are members of the same union and you would like to pay the union with one payment. Or, you may have an employee with multiple deductions payable to the same third-party payee, such as multiple child support orders to the children's parent. Use the Submit a Flow task to run the Run Third-Party Payment Rollup.

Third-Party Payment Register Details

You can Run Third-Party Payments Register Report to provide payment details to the third-party payee, to include the breakout of rollup payments. Use the Submit a Flow task to run the Run Third-Party Payment Register Report.

Here are the details in the output of the Run Third-Party Payments Register Report:

• Individual third-party payments with the corresponding employee deduction information

• 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

Perform these tasks, in order, to roll up the third-party payments and generate the report details:

1. Calculate and verify prepayments.

2. Run the third-party payment rollup process.

3. Generate the payments.

4. Generate the third-party payment register.