To create a bank transfer statement, perform the following actions:
- Navigate to Payroll > Payout > Bank Transfer. The Bank Transfer page opens.
- Click Create New Bank Transfer. The Bank Transfer form appears.
Note: The Create New Bank Transfer button displays only if there are employees pending bank processing. - Under Step 1: Transfer Type, select the By Employer Bank: Employees can have accounts in different banks in this transfer/By Employee Bank: All employees to have account in same bank as per your requirement.
- From the Bank Transfer dropdown list, select a relevant option.
- Click Next.
- Under Step 2: Select Employees, using the Employee Filter dropdown list, select the employees for whom you want to do a bank transfer.
- Click Error to view the list of employees whose bank transfers had an error.
- Click Next.
- Under Step 3: Options, in the File Name start text box enter the name for the bank transfer.
- In the File Extension text box, enter the required extension.
- Click Finish to generate the bank transfer statement.
- Click Download File to download the generated bank transfer.
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