The Bank tab is used to enter and maintain an employee’s bank account details.
Making changes
The only buttons available are on the interaction bar below the Bank account column.
These buttons allow you to:
+ button: Adds a new bank account record
- button: Removes the selected bank account record
Edit button: Places the selected bank account record into edit mode
Options, settings and fields
Abbreviation
Type: Text field
Purpose: Records an internal code that also acts as a label for the bank account
Other functionality: Appears on banking report outputs
Account name
Type: Text field
Purpose: Records the name held against the bank account
Other functionality: Appears on banking report outputs and is included in some bank files
Account #
Type: Numeric field with automatic formatting
Purpose: Record the account number of the bank account, determines which bank account all, or part of the net pay will be paid to
Other functionality: Appears on banking report outputs and is included in bank files
Calculation
Type: Dropdown menu
Purpose: Determines how much of an employee's net pay will be allocated to the bank account
Other functionality: None
Particulars, Code & Reference
Type: Text field
Purpose: Records additional information as part of a transaction included in a bank file
Other functionality: Appears on banking report outputs