Adding bank accounts

Note: Bank accounts can be used by any HR company.

If your organization opens a new bank account, then you must add the new account to Payroll. Use this procedure to add a bank account.

  1. Access Bank Account (PR01.1).
  2. Specify the bank account number in the Account field.
  3. Select the country in which the bank account is valid in the Country field.
  4. If the bank account is not used in Canada, then you should define options on the Main tab. Use these guidelines to specify the field values:
    Originating DFI

    Specify the routing number (including the Check Digit) assigned to the bank where you apply cash transactions. This is referenced by the check printing programs when creating the TAPE file for ACH transactions:

    • Immediate Destination (bTTTTAAAAC) in the File Header Record (unless defined in the Bank details of the company structure (HR00/HR01)

    • Originating DFI (TTTTAAAA) in the Batch Header Record field and Batch Control Record

    • Trace Number in the Entry Detail Records.

    Sending Point DFI

    If the direct deposit option is Yes for the bank account, then specify the routing number of the bank that processes the direct deposit tape.

    Direct Deposit Option

    Select whether auto deposit is available for the entered bank account.

    Prenote

    If you select Yes in the Direct Deposit Option field, then select whether direct deposit pre-notification is required for this account.

    Note: If you select Yes, then Payroll creates pre-notes for affected employees when you run Payment Print (PR160). If you select No, then Payroll creates a direct deposit without pre-notifying the bank.
    Payment Format

    The payment format for this bank account.

    Receipt Format

    The receipt format for this bank account.

  5. If this is a Canada bank account, then define options on the Canada tab. Use these guidelines to specify the field values:
    Client Number

    Identifying ID for the client. Assigned by the bank or bank and client.

    Destination Data Center

    The destination data center that identifies the direct clearer and the location where the direct deposit file is processed.

    Settlement Institution

    The bank identification number of the institution that settles the direct deposit transactions.

    Institution ID Returns

    The bank identification number for the bank that operates as the institution for return items from the direct deposit transactions.

    Account Number Returns

    The account number that you want to use for returned direct deposit items.

    Direct Deposit Option

    Select whether auto deposit is available for the entered bank account.

Related reports and inquiries

To Use
List bank information Bank Listing (PR201)
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