How do I set up EFT as the Payment Method for a Payee?

How to set up EFT as the Payment Method for a Payee.

Select Payees from the side navigation menu.

Locate the Payee you require by manually scrolling through the Payee List, entering the name into Search or using Show Advanced Filters.

Once the Payee has been located, select Actions > Edit.

🎯 Edit is unavailable if the Payee is included in an unposted Pay Run. To edit the Payee, the Payee must either be removed from the Pay Run or the Pay Run must be posted/reported to the ATO.

Select Employment and Payment.

Navigate to Payment Method.

Within Payment Method, choose EFT.

Select the Dollar or Percent Icon and enter the relevant amount. If the bank account does not have a defined amount, select the Balance Icon.

If the Payee has advised that they have

One Bank Account, select Percent and enter 100.00.
Multiple Bank Accounts,
- All with a set dollar value (except the Balance), select Dollar and enter the dollar value. With this option, please ensure a bank account is added where Balance is selected so that the remaining pay goes into another account.
- All with set percentage values (except the Balance), select Percent and enter the percentage value. With this option, please ensure a bank account is added where Balance is selected so that the remaining pay goes into another account.
- With a combination of % and $, refer to Payees with bank accounts that have a combination of dollar and percentage values.

Enter the Payees BSB, Account Number, Account Name & Reference.

Then select add to add the account. Repeat the above steps until all accounts are added.

Select Save to save your changes.

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