Direct Deposit Module
- Eliminate duplicate data entry for payroll processing and banking transfers.
- Avoid the extra steps involved when banking software is required to process the direct deposit.
- Let employees choose how and where their direct deposits are posted—to a single account in a single bank, or to multiple accounts in multiple banks.
- Let employees set the dollar amounts or percentages of their paychecks for deposit distribution.
- Maintain each employee’s bank routing number, account number, and information on how they want funds deposited within the Payroll Module’s employee records.
- Mark the employee record for Direct Deposit, fill in the banking information in one payroll cycle, and begin payroll deposits with the next payroll cycle.
- Print regular paychecks and direct deposit vouchers for each direct deposit employee when you produce a payroll.
- Create a Direct Deposit banking file so users click a menu selection box to send the deposit to the bank and receive a confirmation—easy to use, easy to maintain.
- Deduct transfers from the appropriate organization bank account and generate the General Ledger entries for posting.
- Track banking holidays.
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