Step 6. Set Up/Delete/Change Direct Deposit Information (Optional) |
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What is a Direct Deposit? |
| A direct deposit arrangement allows you to deposit your employees' payments directly into their bank accounts instead of distributing cheques to them. Powerpay can also be configured to import employee information from 'recognized' time and attendance/workforce management systems. |
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Why do I have to do this? |
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If you have been approved for direct deposits and you have hired a new employee, you must enter your employee's banking data and payment instructions into Powerpay in order for him or her to be paid by direct deposit. Otherwise, he or she will be paid by paper cheque instead. Changes to your employees' banking data and/or payment instructions must also be entered into Powerpay immediately to avoid missing or incorrect payments. |
| Task 1 | Task 2 | Task 3 | Task 4 | Extras |