Once the bank file has been generated, it can now be uploaded to the company’s bank for processing.
Follow these steps to complete the process:
Locate the bank file in the designated folder.
Review the file by opening it to ensure the layout matches the example below.
Confirm that all payment details, such as Member Pay Amount, Member Account Number, Company Bank ID, and Pay Period Number, are correctly displayed.
Upload the bank file according to your company’s standard banking procedures.
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Ensure authorisation is completed by an approved payroll or finance officer before submission.
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Handy Hint
A Payroll EFT Listing Report is automatically generated alongside the bank file.
This report summarises the contents of the bank file, displaying all employee payments for that pay period, including:
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Employee name
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Bank name and BSB
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Account number
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Payment reference
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Amount paid
Below is an example of the Payroll EFT Listing Report for reference:
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