How can the admin generate a bank transfer statement?

To create a bank transfer statement, perform the following actions:

1. From your greytHR Admin portal, navigate to Payroll > Payout > Bank Transfer. The Bank Transfer page opens.
2. Click Create New Bank Transfer. The Bank Transfer form appears.
   Note: The Create New Bank Transfer button displays only if there are employees pending for bank processing. 
3. 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.
4. From the Bank Transfer dropdown list, select a relevant option.
5. Click Next. 
6. Under Step 2: Select Employees, using the Employee Filter dropdown list, select the employees for whom you want to do a bank transfer.
7. Click Error to view the list of employees whose bank transfers had an error.
8. Click Next.
9. Under Step 3: Options, in the File Name start text box enter the name for the bank transfer.
10. In the File Extension text box, enter the required extension.
11. Click Finish to generate the bank transfer statement.
12. Click Download File to download the generated bank transfer.

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Related Links:

❓FAQs- To read more FAQs about the Bank transfer, click here.

▶Video- To watch the LOP video, click here.

📃Documentation- To read more about the Bank transfer, click here.

📢Product Update- To read about the product update, click here.