Cibc Eft 80 Byte File Layout Field
The program is used to generate an Electronic Funds Transfer (EFT) file used for payroll Direct Deposit payment. This file is sent to the bank in order for the bank to process payroll direct deposit payment. The file is strictly used to submit debit and credit payments from disbursement and collection to/from an account at any financial institution in Canada and follows the guidelines provided by the bank particularly the Canadian Imperial Bank of Commerce (CIBC ). Note: Only employee with their bank and transit/branch number direct deposit notification set to ‘Electronic File’ will be included in the report. Enter the Canadian Payment Association payment code.
This is a required field that is going to be included Electronic Funds Transfer file. Enter the bank code where payroll disbursement is coming from.
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The system uses this to retrieve other required bank information from the needed in the Electronic Funds Transfer file. Enter the ACH bank code. This code must have been previously defined in the Bank Transit Maintenance (GB8300) and entry MUST be flagged as an Automatic Clearing House (ACH). This field can be left blank. If it is left blank, the employee bank code MUST be provided.
The EFT format will be coming from the employee bank if this is left empty else the format will be the format associated with the ACH bank code. Enter the employee bank code that will be considered for EFT(Electronic Funds transfer). Only employees with bank code matching this will be included in the EFT. Choose the starting pay group from the list. Choose the ending pay group from the list. Enter the pay period end date. This indicate which payroll pay period end date is going to be included in the Electronic Funds Transfer file.
The pay period end date defaults from the pay group pay period end date. Enter the employee number indicating the lower limit of the employee number that you want to process. Enter the employee number indicating the higher limit of the employee number that you want to process. Select the print option. To make the selection, either click on a radio button with the mouse, or use the left and right arrow keys after tabbing to the radio buttons. Select the employee pay type to be processed.
Select ‘Hourly/Daily Employees’ to process hourly and daily paid employees, ‘Salaried Employees’ to process salaried employees, ‘Both’ to process both employee payment type. Enter the deposit date. The deposit date is only required when printing but not when reprinting or regenerating the EFT file.
This is the date that the bank should deposit the employee payments to their respective bank account. This must match the direct deposit date that was used to generate the pay statement. The program provides a default deposit date which is same deposit date that was used to when the pay statements were generated. If pay statements were generated in different batches and different deposit dates were used, the default date will be the most used deposit date for the direct deposit transactions. A list of values will also be available in this case (when more than one deposit date was used), showing all the deposit dates that were used.