Description
When it is time to generate the payment file to pay the payees, for supplied payeesTo support the Supplied Payees feature, in this release changes have been made to the Payment File process. Where the Payee is a Supplied Payee, the payment will go to the supplier’s bank details.
Within the payment file, there will be 1 consolidated row per supplier that will sum the values for each payee belonging to the supplier rather than individual rows for each payee record for the supplier. For example:
Pay Batch | Managed Agency | Payee ID | Branch | Account | Value |
2045 | Agency 1 | 500001478 | 123-123 | 1234567899 | 300.00 |
2045 | Agency 1 | 500001462 | 123-123 | 1234567899 | 400.00 |
2045 | Agency 2 | 500001202 | 514-411 | 6541230001 | 800.00 |
2045 | Agency 2 | 500001452 | 514-411 | 6541230001 | 900.00 |
...
Managed Agency 2 = 1700.00
Benefits
To reduce the number of transaction lines on a bank file.
Configuration
None.