Company Bank Details

This screen is used to record the Banking information required for each Company and Payrun Group combination. This information is used when generating Bank Files for facilitating payments to employees through the customer's relevant Bank/s.

Prerequisites

Rules and Guidelines

  • Any changes made to bank account details will automatically update the records for any Company Code attached to the record.

Field Information

Select from the drop-down the payrun group to be included.

  • Note that Quick Search and Advanced Search includes searching by Payrun Group.

This field is used to control the format of the Bank File required for the Companies listed under the Company Bank Details record for this Payrun Group.

Select ABA for the standard Bank File format required by all local Australian banks, or one of the available options for a global Bank file format.

Select from the dropdown the company's BSB number.

Enter the company's Bank Account Number.

When the chosen Bank File Format is ABA, this field only has a maximum input of 9 characters. Otherwise, it can accommodate up to 20 characters.

Enter the company's Bank Account Name.

This field is only used when Bank File Format = ABA, and is used for storing the customer’s User Identification Number with the Bank.

When the Bank File Format = ABA, this field is used for storing the Name of the User supplying the file, which is included in the header record of the ABA file.

When the Bank File Format = HSBCAU, this field can be used to populate the 2nd Party Reference information in all detail records in the bank file, overriding any information stored in the Lodgement Reference Number field on the employee bank details.

When the Bank File Format = ABA and ABA Format = ACH Connect, this field is used for storing the Hexagon ABC Customer ID.

When the Bank File Format = HSBCAU, this field is used for storing the HSBCnet Customer ID.

When the Bank File Format = ABA, this field is used for storing the Description of Entries information, which is included in the header record of the ABA file. If this is left blank, the default value that will appear in the ABA file is PAY000000000000000.

When the Bank File Format = HSBCAU, this field is used for storing the HSBC Connect Customer ID.

When the Bank File Format = ABA and ABA Format = ACH Connect, this field is used for storing the Customer's File ID.

When the Bank File Format = ABA and ABA Format = ACH Connect, this field is used for storing the Authorisation Type.

This group box is read-only by default and is only active when the chosen Bank File Format is ABA.

Select the appropriate bank type:

Code Description
BK Bank
BS Building Society
CU Credit Union

 

Specify if a self-balancing file is required when the EFT Processing or the Process Express Payments option is run.

This defaults to the value in the Direct Credit Self Balancing field on the EFT Requirements window.

This field is disabled unless the Bank File Format = ABA.

Select from the options (Standard, ANZ Transactive, ACH Connect) the bank payment file format to be used.

This allows the configuration for Transaction Negotiation Authority (TNA) to be applied only to Payrun Group / Company combinations that require it.

This field is mandatory and is automatically populated with N.

A Transaction Negotiation Authority (TNA) is an agreement between a company and their bank allowing a third party, such as a payroll vendor, to make transactions on their behalf following their authorisation, even though the business partner uses a different bank.

When the field Transaction Negotiation Authority is set to Y, this field is enables and becomes mandatory.

This field links Level 1 (Company) to the relevant Bank Details.