Viewing payment method for nominee - Percentage 

View Employee Payment Method - A summary of the activity

Page objective

Glossary

Basics of using a Ramco Enterprise Series web page

See page overview

Date Format

The date format as set by the user in the Set Date Format activity. Tell me more

Employee Payroll Data Unit

The employee payroll data unit selected in the previous page.

Org. Unit

The organization unit selected in the previous page

Employee

The code of the employee selected in the previous page.

Employee Name

The name of the employee selected.

Payroll

The payroll to which the employee is mapped

Payset

The payset to which the employee is mapped.

Assignment No.

The assignment number of the employee for which the payment methods are defined

Date of Joining

The date on which the employee joined in the organization.

Currency

The currency that has been set for the selected payset.

Payment Method

The payment method by which payment must be made to the employee. The payment method can be one of the following: “Cash Payment”, “Bank – Check”, “Bank – Demand Draft“, “Bank – Account Transfer“ and “Bank – Others“.

Priority

A number to indicate the sequence in which the payments to be made.

 

The priority is applicable when there is more than one payment method for the nominee.

Bank Code

The code of the bank through which payments can be made, if the payment method is “Account Transfer”.  

Account Type

The type of account of the nominee, to which the employee’s payment is made. Example: “Savings”, ”Current”.

Account Number

The account number of the nominee’s account, to which payments must be credited.

%

If the payment to the nominee is to be a specific percentage of the employee’s salary, example, 40%, this value is displayed. This amount will be paid through the selected payment method. 

Default Pay

“Yes” is displayed, if this payment method is the default method used for payment when no payment methods are specified. “ “No” indicates otherwise.

Payable At

The location where the amount is remitted.

Remittee Name

The name of the person in whose favor the amount is drawn (the nominee).

Address 1

The address of the person in whose favor the amount is drawn

Address 2

The address of the person in whose favor the amount is drawn

Place / Region

The place or the region to which the person belongs.

Zip

The zip number of the place or region. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6Hyperlinked topics below

Page objective

Use this page to view payment methods for a nominee of the employee, when the employee has directed that a percentage of his salary must be remitted to the person/nominee.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page overview

You can view this page only if the payments pertaining to an employee are remitted to any other person(s). For example, the employee may transfer some percentage of his salary to his dependents like his parents, wife, children etc. In this page you can set view different payment methods by which payments are made. The values of each payment are expressed in terms of percentage of salary.

In this page you can view

Payments can be made in two ways viz. cash and bank.  If payments are made in more than one method, priority is set. ‘Priority’ indicates the order in which the payments are to be made. In this page you can view the percentage of salary for each payment method.  If the payments are made through bank account transfer, the bank code, the account type, and the account number will be displayed. Among the different payment methods defined, one is set as default payment method. If you set a payment method as default payment, it indicates that the payments, for which payment method is not defined, shall be made through the selected default payment method..