EFT Processing

This step is used to generate a file containing all EFT and bank transfer transactions from the current payrun. This file can then be uploaded to your bank for payment to each employee.

You can access this screen during the payrun process, and can also generate an EFT file from a previous payrun if required.

1. Ensure that at least one employee's payment method is EFT or bank transfer.
2. Complete the payrun.
3. Firebird users: proceed with backup and update.
4. SQL users: Proceed with update.
5. On the Update screen click Next to reach the EFT screen.
   The EFT screen will open.
   
6. Complete the following information:

Field	Explanation
Company Bank Accounts	This is a list of all existing company bank accounts. Payments will be taken from the selected account. The system will automatically select the first account in the list. Sort the list if you require a different account to be first.
Processed Date	Enter the date you want the bank to process this payment. You may enter a date in the future if required, but check with your bank to see if any limits apply.
Filename	This is the default location and filename of the EFT file which will be generated. The path is the default. The filename includes a date and time stamp, the current run number and the company name.
Browse	Click on the Browse button if you wish to change the path or filename.
Generate	Once your settings are complete, click generate to create the EFT file in the specified location.

Click Generate.
The EFT file will be created in the specified location.