Set Employee Payment Method - A summary of the activity

Through this activity, you can set different payment methods using which the employer / organization can make salary payments to an employee or to others to whom the employee’s payment needs to be remitted. Payments can be made either by cash or through bank.

Defining for Employee-Assignment-Payset Combination: Essentially, these payment methods are specified for an employee-assignment-payset combination. In other words, these payment methods are applicable for a given employee while he holds a specific assignment and is drawing from the payset to which the assignment entitles him/her.

Normally, payments are made directly to the employee. But sometimes the employee can nominate his/ her spouse, parent, etc. or any other person and transfer the whole or part of his/her salary to the nominated person. The company remits the requested amount to the concerned persons as directed by the employee. In instances of alimony, the employer remits some value of the employee’s salary either to the spouse or to the dependents, under the directions of the court.

Setting the payment methods for an employee requires the following:

Choosing Payment Methods: You can set one or more payment methods through which payments can be made, for the selected employee. They are Cash-Payment, Check, Demand Draft, Account Transfer and Direct Deposit.

If Account Transfer makes payments, select the bank code and the type of account such as savings account, current account or recurring deposit account. The account number of the employee, to which the amount is to be transferred, must also be specified

Specifying the Value of the Payment: You must specify the amount or the percentage of the salary that must be remitted through the specified payment method.

Setting Priority: If you select more than one method of payment for the employee, you must specify the order in which the payments are to be made. Assigning a priority to each payment method does this. The payment method with higher priority will be paid before the payment methods with lower priority.

Specifying the Default Method of Payment: You can choose the payment method that must be set as the default payment method. The chosen method of payment will be used to make those payments for which no payment method was specified.

Setting Payment Methods for Nominees: You can set different payment methods for other persons to whom the salary of the employee must be paid. This is carried out in the “Salary Amount” or “Salary Percentage” pages.  Just as for the employee, you can

• Choose payment methods consisting of Cash-Payment, Check, Demand Draft and Account Transfer. If payments are made by Account Transfer, you are indicate the nominee’s bank code, type of account and account number.

• Specify the value of the payment; it can be either a specific amount or a percentage of the employee’s salary.

• Set priority of payment methods, if more than one method of payment is specified for the nominee.

• Specify the default method of payment. This method of payment will be used to make those payments to the remitee for which no payment method was specified.

Getting familiar with the pages inside

6 Hyperlinked topics below

Prerequisites

Employee must be defined in the Employment information activity.

The employee must have been mapped to the payset and the payroll.

The grade, assignment number must have been defined in the employment information unit.

The banks for the employee must have been defined in the “Create Employee Bank” activity.

What you can do in this activity

Set Employee payment method

Modifying payment methods

Delete employee payment methods

Set payment method for an employee

You can set payment methods for an employee.

• Use the “Select Employee Payment Method” page to select an employee

•  Use the “Set Employee Payment Method” page to set the payment method.

• Use the “Salary Amount” page to specify the amount if the payment method is by bank

• Use the “Salary Percentage” page to specify the percentage if the payment method is through bank

Modifying payment methods

You can modify the payment methods that have been set before.

• Use the “Select Employee Payment Method” page to select an employee

• Use the “Set Employee Payment Method” page to modify the payment method.

Delete payment methods

You can delete the payment methods that have been set before.

• Use the “Select Employee Payment Method” page to select an employee

• Use the “Set Employee Payment Method” page to delete the payment method.