Creating an employee Elite Payroll gives you three methods to pay out an employee’s wages. You can have Elite Payroll tell you the cash breakup if you decide to pay them cash. If you would rather pay by cheque, you can do that as well. You can also transfer the wages directly from the company's bank account to the employee's bank account. Elite Payroll does not limit the number of cash, cheque or bank transactions that can be entered. You can split an employee's wage between 15 different bank accounts if you need to. The Banking Details must be entered before a pay is processed. Entering the details afterwards won't affect previous pays.
If you select cash or cheque, you only need to the split, amount and type.
1 Split – Select the split type Use Bank for transfers to bank accounts, Cash for payments to be made in cash and Cheque for payments made via cheque.
2 Bank details – All of the employee's bank account details MUST be entered for the wages to be transferred to the correct account. You can split an employee's wage between up to15 different bank accounts, if you choose.
Bank – Select the bank code for the employee's bank account. This code is used to sort the banking reports. If the code you want hasn't yet been set up you can create it in the Bank Codes list and then modify the employee's record afterwards.
Branch – Enter the branch name where the employee's bank account is located.
BSB Number- Each branch of a bank has its own ID number, called the BSB (Bank State Branch) Number. Enter the BSB number for the employee's bank account. Normally this number is the 6 digits before the employee's account number.
Account Number – This number can be up to nine characters long.
3 Amount – Enter the amount of the split. This can be either a dollar or a percentage value. If you are entering a percentage enter it as a whole number.
4 Type – Select the type of the split. Select $ to enter a dollar amount. Select % to calculate a percentage of the employee's net wage and transfer that amount as a dollar value. Select R to transfer all remaining net wages to the split.
All banking details must end with a split line that has a type of R. That way you ensure all the employee's wages are paid to them.
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