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Select Employee Maintenance Main tab > Direct Deposit.

This task is available only if the Require Direct Deposit check box is selected in the Payroll Options window, and the Direct Deposit check box is selected on the Employee Maintenance Main tab.

Use Direct Deposits to establish the distribution of net pay amounts up to a maximum of eight separate bank accounts for direct deposit participants. The distribution can be made as a fixed amount, as a percentage of net pay, or as a percentage of gross pay.

The Direct Deposits task allows you to enter direct deposit transactions as part of your payroll. After these transactions are created in the Payroll module, they can be transmitted to financial institutions using a Direct Deposit Interface module provided by Master Developers.

Establishing a direct deposit program requires some lead time to implement the required policies and procedures for your organization. You must first work with your financial institution to determine the appropriate direct deposit interface. Then you must obtain bank account information from your employees, and obtain the correct approvals from your financial institution in order to transmit direct deposits. Be sure to include this lead time (normally about 8 weeks) into your company's direct deposit implementation plan.

You can reset the bank account information to what was previously saved for the employee. You can also rearrange the order of the accounts displayed, changing the priority of the distribution.

You can define Paperless Office options for direct deposit stubs for the employee, including whether to e-mail stubs in PDF format to the employee, the employee e-mail address for e-mailing stubs, and the password to open them.

Warning To deposit funds to two account types (for example, savings and checking) that use the same bank account number, you must create only one bank account entry with the combined percentage or amount. It is up to the employee to make arrangements for the bank to split the funds on receipt. Failure to adhere to this procedure can result in incorrect postings to the employee's bank account.

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