Practice Company - Banking Information

  • Banking Information
    • Payment Method
      • Cheque: Payment of wages by Cheque.
      • Cash: Payment of wages in physical currency.
      • ListPay: Payment of wages from your nominated bank account(s) electronically without the need for any special software.
        • Bank Title: Bank that account is with.
        • BSB: Bank, State, Branch.
        • Account Number: Bank Account Number.
        • Account Name: Name on the Bank Account.
        • Contact Name: Company contact person if there are issues with the ListPay File.
        • Phone Number: Phone contact number if there are issues with the ListPay File.
      • Deposit: Payment of wages processed by accessing your Online Banking and manually entering information.
        • Bank Title: Bank that account is with.
        • BSB: Bank, State, Branch.
        • Account Number: Bank Account Number.
        • Account Name: Name on the Bank Account.
      • FAST-Bank™: Payment of wages processed by accessing your Online Banking and uploading an ABA (FAST-Bank™) File.
        • Bank Title: Bank that account is with.
        • BSB: Bank, State, Branch.
        • Account Number: Bank Account Number.
        • Account Name: Name on the Bank Account.
        • Name of Remitter: Person or Company creating the FAST-Bank™ file.
        • APCA ID Number: Australian Payments Clearing Association ID as provided by your Bank.
        • Lodgement Reference Number: Reference as provided by your Bank.
        • Balancing File: Self-balancing transaction batch within the FAST-Bank™ file.
        • Select where you want your FAST-Bank™ file sent to by clicking the ‘Browse…’ button: Allows the choice of location to continually save the FAST-Bank™ file to.
  • Holding Accounts for Gross PAYG and SG
    The ability to include a holding account for Tax (PAYG) and/or Superannuation (SG) is available when FAST-Bank™ is chosen as the nominated Payment Method. These accounts will be automatically added to the FAST-Bank™ file each time it is created and the total Tax (PAYG) and/or Superannuation (SG) will be transferred to the applicable account/s.
    • Select the Company Holding Account
      • Tax (PAYG)
        • BSB: Bank, State, Branch.
        • Account Number: Bank Account Number.
        • Account Name: Name on the Bank Account.
        • Reference: To display on the Organisations Bank Statement.
        • A/C Type: S for Savings or T for Transaction
      • Superannuation (SG)
        • BSB: Bank, State, Branch.
        • Account Number: Bank Account Number.
        • Account Name: Name on the Bank Account.
        • Reference: To display on the Organisations Bank Statement.
        • A/C Type: S for Savings or T for Transaction
Revision: 18
Last modified: 2020/03/18

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