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Payees

 

Adding your payday bank account2:13

"How do I add my bank account for my payday payments?" 

Payees are the place you store the bank account details that you want bank payments to be made to or from. 

You'll find them used in places like person, pay batch, and repeat payables. 

In this example we're going to add a payee to a person. 

To add a payee: 

  1. First, click over to: Menu and click yourself. 
  2. Then click: Pay > Payday bank account 
  3. Next, click: "Payee for payday" 
  4. Then click: "New" 
  5. Once the panel slides out on the right, you'll see that it's already set as a "Personal" account. You'll also see that it's already entered your first and last names. 
  6. You're welcome to change any of these, but mostly you just need to type in your "Account number", and "Routing number". 
  7. In most cases it'll correctly set your bank logo here. If the bank logo's wrong, just choose the correct bank yourself. 
  8. Then click: Save 
  9. This time, when you click "Payee for payday", you'll now see your new payee in the list. 
  10. Click it, to select it. Then click: Save 
  11. From now on, all your payday payments will be paid to this bank account. 

To change a payee: 

  1. First, click: "Payee for payday" 
  2. Then click: "edit" 
  3. A common change is to change the: "Display name" 
  4. Or to change the icon and color. 
  5. Once you're happy with your changes, click Save, and you'll instantly see your changes show up. 

Feel free to add as many payees as you like. You can always switch between payees anytime, and from the moment you click Save, all future payday payments will, from then on, be paid into your newly selected bank account. 

Also, setting and changing your payee bank accounts is something only you can do. Even admins can't change it. This gives you the security of knowing that your money always gets paid to exactly where you choose for it to be paid. 

And that's it! That's all you need to do to add or change your bank account for your payday payments! 

Updated: Mon, Jan 9, 2023. Keywords: savings, deposit, current. Headings: `How do I add a new bank account?`, `How do I update my existing bank account?`
 

Adding the bank account to pay payroll1:30

"How do I add my company's bank account to pay payroll from?" 

In most cases, when you submit your payroll taxes to HMRC, details about the company's bank account also needs to be submitted. 

In this example, we'll show you how to add your company's bank account to a newly created Pay batch. 

Let's start by creating a brand new Pay batch: 

  1. First, click: Menu > Pay batches > New pay batch 
  2. Then type in the Pay batch's name. 

Now, to add your company's bank account: 

  1. First, scroll down to "Bank to source payments from" and click "Payee to source from". 
  2. Then click New to create a new payee. 
  3. Once the panel slides out on the right, you'll see that it's already set as a "Business" account, and has already entered your business name. 
  4. You're welcome to change any of these, but mostly you just need to type in your "Account number", and "Routing number". 
  5. In most cases it'll correctly set your bank logo here. If the bank logo's wrong, just choose the correct bank yourself. 
  6. Then click: Save 
  7. This time, when you click "Payee to source from", you'll now see your new payee in the list. 
  8. Click it, to select it. Then click: Save 

From now on, all your payroll tax submissions to HMRC will submit this account as your company's bank account. 

And that's it! That's all you need to do to add your company's bank account to pay payroll from! 

Updated: Mon, Jan 9, 2023. Keywords: corporate.
 

Deleting a payday bank account1:07

"How do I delete a payday bank account?" 

To delete a payee: 

  1. First, click over to: Menu and click yourself. 
  2. Then: Pay > Payday bank account 
  3. Next, click: "Payee for payday" 
  4. Then click "Edit" on the payee you'd like to delete. 
  5. Once the panel slides out on the right, open it in a new tab by clicking the three-dots. 
  6. Then click: Open in new tab 
  7. Next, click: More 
  8. Then: Delete 
  9. Then: Yes ... delete 
  10. Some of the time you may get this warning asking you to move your payday payments to a different payee. 
  11. If so, simply click the Move button, and choose your replacement payee. 

Your original payee is now deleted. When you reload the "Payday bank account" tab, you'll see that your payday payments are now set to be paid to your replacement payee. 

And that's it! That's all you need to do to delete a payday bank account! 

Updated: Mon, Jan 9, 2023. Keywords: savings, deposit, current, trash, remove.
 

Doing split payday payments2:38

"How do I split my payday payments between two bank accounts?" 

Sometimes you may want to have your payday payments split across two different bank accounts each payday. In this example, we'll set the payments so that each payday a fixed amount of £300 gets deposited into a savings account. 

To setup a fixed amount split payment: 

  1. First, click over to: Menu and click yourself. 
  2. Then: Pay > Payday bank account 
  3. Next, click: "No split payments" 
  4. Then select "Yes, split payment ... by amount". 
  5. Next, type the amount you want paid to this second bank account each payday. In this example we'll type: "300" 
  6. Then choose the payee bank account that this amount will be paid to each payday. In this example we'll choose the savings account that we'd previously created. 
  7. Finally, click: Save 
  8. The split payment's now all set up and £300 will get deposited into this person's savings account each payday. 

We've just had the payday admin pay this person with their split payment. 

To see your split payments on your own paid paystubs: 

  1. Click More, then Paystub PDF 
  2. Once the paystub PDF's downloaded, click it to open it. 
  3. When you scroll down to the bottom of the paystub PDF you'll see the details of your split payments. You'll also see the amounts paid to each bank account. 

Now, let's go back to the split payment settings. 

To turn off split payments: 

  1. Just click: "Yes, split payment" 
  2. Then change it to: "No split payments" 
  3. Finally, click: Save 
  4. The split payments are now turned off and nothing will be paid to the savings bank account from now on. 

The last option to show you, is to use a percentage split on your payday payments. 

To setup a percentage split payment: 

  1. First, click: "No split payments" 
  2. Then select: "Yes, split payment ... by percent" 
  3. Drag the slider to the percentage that you want. 
  4. Then check the payee is the one you want. 
  5. And finally, click: Save 
  6. The percentage split payment's now all set up. This percentage of your pay will now get deposited into your savings account each payday. 

Setting split payments is something only you can do for yourself. Even admins can't set or change it for you. This gives you the security of knowing that your money always gets paid to exactly where you choose for it to be paid. 

And that's it! That's all you need to do to split your payday payments between two bank accounts! 

Updated: Mon, Jan 9, 2023. Keywords: half, portion, some, divide.

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