Application Options - Global Setting - EFT Parameters

Electronic Funds Transfer (EFT) is a system of transferring money from one bank account directly to another without any paper money changing hands. In EntireHR, you need to set up the parameters to enable this option.

These parameters can be accessed from the Application Options, under the tools menu in the Finance Module.

Your Company Details:

• Name: Your Company Account Name
• ID: The Payment ID issued by your bank
• Pay Desc: The description that will appear on your statement

Your Bank Details:

• Name: Full name of your Bank (e.g., Commonwealth Bank of Australia)
• Abbreviation: Official 3 letter abbreviation for the bank (e.g., CBA)
• BSB: The BSB number of the account you will be paying from
• Account: The account number from which you will be paying
• Pay Reference Option: Select Fixed Pay Reference Text if you want a set payment reference in your b