Example of Loading Third-Party Organization Payment Method
Create payment methods to make payments to external organizations, such as pension providers or professional bodies. These payment methods include details, such as the type of payment and the bank account details.
Example
This image shows how you associate a third-party organization representing a Texas Court to a payment method. This enables the payment of child support deductions that are deducted through the payroll to be paid to the court. Also, you add a calculation card to an employee for the involuntary deduction for the child support payment.
Before You Begin
Do these steps:
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Create a third-party organization.
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Load the Organization Payment Methods for your payroll.
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Load the external bank account.
Load the External Bank Account
You can use the External Bank Account Owner component to identify the third-party to whom the account belongs to.
This example ExternalBankAccount.dat file creates an External Bank Account component and associates it with a third-party organization.
METADATA|ExternalBankAccount|BankNumber|BankBranchNumber|CountryCode|AccountNumber|IBAN|AccountName|CurrencyCode
MERGE|ExternalBankAccount|100001A|111111A|CA|12345678|CA23 ANBK 3350 1234 5678 20|J and P Smith|USD
METADATA|ExternalBankAccountOwner|BankNumber|BankBranchNumber|CountryCode|AccountNumber|CurrencyCode|ThirdPartyNumber|PrimaryFlag
MERGE|ExternalBankAccountOwner|100001A|111111A|CA|12345678|USD|68299|Y
Use this dat file to associate a payment method with the third-party organization HDL_Texas_ORG and organization payment method Direct Deposit. Additionally, as the payment type is Direct Deposit, you load these bank account details.
Bank Account Component |
Value |
---|---|
Account Number |
1265896441 |
Bank Name |
Bank of America |
Bank Branch Name |
New York |
Routing Transit Number |
511000025 |
Account Type |
Checking |
METADATA|ThirdPartyOrganizationPaymentMethod|EffectiveStartDate|EffectiveEndDate|LegislativeDataGroupName|TimeDefinitionCode|PartyNumber|BankName|BankBranchNumber|BankAccountNumber|BankCountryCode|OrganizationPaymentMethodCode
MERGE|ThirdPartyOrganizationPaymentMethod|2016/01/01||USA LDG||68299|Bank of America|511000025|1265896441|US|OPM_US_Nacha