Payment to Israeli Employees for Expenses

Creating a payment to an employee to reimburse expenses.

To define an account for employee Reimbursement:

Note:

It is not possible to make payment in foreign currency to employees that are registered in an Israeli company. (It is possible to create the transaction in foreign currency, but payment is only in NIS).

1. Define account as Employees Reimbursement in Accounts Payable.

2. Enable EFT for the employee.

3. Go to Setup > Company > General Preferences.

4. On the Custom Preferences subtab, verify that the IL EFT Employees Reimbursement box is checked.

5. Go to List > Employees > Employees Ensure you are using the Israeli Employee form.

6. Go to Employee Definitions > Israeli Bank Details, and ensure that you populate all bank details.

To make a payment:

1. Go to Transactions > Employees > Enter Expense Reports or create a Journal entry.

2. Go to Israeli Pay-bills Form > Transactions > Payables > Israeli Pay-bills.

3. Ensure that the Employee Reimbursement account is selected.

4. Verify that payment method field is EFT for employees.

5. Reports that match the search are listed below. Check the journal entries or expenses which need to be paid in this cycle.

6. Go to Transaction > Bank > Israeli EFT File Generator to generate the EFT file.

7. Fill the following fields:

   • PAYMENT METHOD: EFT for Employee

   • BANK ACCOUNT: the bank which is making the payment

   • EFT ACCOUNT: EFT account

   • PAYMENT DATE: EFT payment date

   • BATCH PAYMENT NAME

   • INSTITUTE NUMBER AND SUBJECT NUMBER

   • FILE ENCODING (Use the default- MASAV)

8. Generate the file. You can locate the file in the ‘Downloads’ folder on your PC.

General Notices