How to Generate Bank Payment Files
What are Bank Payment Files?
Bank payment files are comprehensive digital records of all payments made to specific financial institutions during a pay period. Think of them as a digital ledger that captures every financial transaction, eliminating the need for manual tracking and reducing the risk of errors.
This feature is only enabled when you configured your banking details. Follow these steps to configure your banking details.
Step-by-Step Process to Generate Bank Payment Files
Go to Payroll > History in the main menu
Select the desired pay period
Click Action
Select Bank Payment File
The file will then be downloaded to your device. Easy, fast and precise!
Pro Tip: Generate these files for each pay period to maintain a clean, organized record of your financial transactions.