Payment of payroll every week or fortnight can be time consuming. Especially if you have to set staff up in both your payroll progam and your bank.
To save time (which of course is money) you can use an ABA file to upload your payroll into your internet banking as a single file.
In summary the process is
- set up staff in payroll
- make sure their banking details are set up in the payroll program
- run your payroll for the week or fortnight
- finalise your payroll
- export the payments to staff and upload to the bank as one entry
- release pay slips to your staff (by clicking on the link in payroll)
- Lodge Single Touch payroll directly from your payroll software.
You never have to set staff up in internet banking again!
Details from Payroll Software Providers
Key Pay / QuickBooks Online https://support.yourpayroll.com.au/hc/en-au/articles/200123570-ABA-Files
Xero https://central.xero.com/s/article/Process-a-pay-run-and-pay-employees#4Payyouremployees
Details from Bank Websites
Details from the banks around importing of files produced by your payroll / accounting software.
Bendigo Bank https://www.bendigobank.com.au/globalassets/documents/business/bulk_payment_welcome_pack.pdf
Commonwealth Bank https://www.commbank.com.au/support.digital-banking.importing-files-into-netbank.html
