Bank Payment File will generate a file with the right format required by the banks for electronic fund transfer purposes.
Go to Payroll -> General -> Bank Payment File
Step 1: Select the Bank payment file type that you have created.
Step 2: Next, insert the Credit Date for the bank payment file.
(Note: Different bank may have different terminology for Credit Date. Please clarify with your respective bank officer on their terminology for Credit Date)
Step 3: Select the Payment Period for this bank payment file
Step 4: tick the box for this bank payment file format
Step 5: Select the employees to be included in this bank payment file
Step 6: You may click on 'Generate Summary' to generate the auto bank summary.
Step 7: System will show you the list of employee(s) that will be included in this Bank payment file based on your selections. This allows you to verify on the list of employee(s) for payout before you generate the bank payment file. Once you have verified the result, you may click on 'Download Diskette' button. If you would like the system to generate the Cover Letter for Auto bank, you may click on the 'Show Report Panel' button.