Direct Credit Schedule

The Direct Credit Schedule has two functions so when you run it, you create two files.

Report file

You can use the report to verify the following information:

1. Employee funds are allocated to a bank account.
2. Bank account details.
3. Amount allocated per bank account.
4. Total number of employees that will be paid. If an employee has multiple bank accounts for fund transfers, then they are still counted as only one employee.
5. Total amount that will be debited from your organisation's bank account.

Banking text file

The banking text file contains the same data as the report, but its format is controlled by the bank format that you select in the report settings. This format allows the text file to be imported into your banking software to create the transactions.

You must successfully process all transactions in the pay before you can run the Direct Credit Schedule. Although you can run the Direct Credit Schedule on open, fully processed pays, we recommend that you run this report on closed pays only.

Important: You cannot run this report for purged pay sequences.

Topic: 23530