Transfer to Financial Institution

Explanation

This activity is used to create a file for transferring payment transactions to a financial institution. This is normally done by the finance administrator.

Prerequisites

In order to perform this activity, payment transactions are required to be authorized in the Employee Payments window.

System Effects

As a result of this activity;

• A payment file that includes all authorized payments is created in the location you specify and the file is transferred to the financial institution.
• An employee payment record is entered in the Employee Payments window.

Window

Transfer Payments

Related Window Descriptions

Transfer Payments

Procedure

1. Open the Transfer Payments dialog box.
2. Enter the company from which you want to transfer payment transactions in the Company ID field. The default company of the user is selected by default.
3. In the Method ID field, enter the payment method that should be used to transfer the transactions. If a default payment method is defined for the company, it will be selected by default.
4. In the File Name field, enter the file path that should be used to save the payment file created. Click Browse to find the path. If a default path is defined for the company, it will be selected by default.
5. Click OK.