Wage and Salary Payments by Bank Transfer
Purpose
The system uses this process to provide all the information your house bank needs to transfer the wage and salary payments to your employees. The system creates a DME file and the DME accompanying sheet. You can also print a payment summary that lists the individual payments. You can use the payment summary to, amongst other things, post the wage and salary payments manually to Financial Accounting.
Process Flow
payment medium program for the transfer, or the
Payment Medium Workbench (PMW) evaluates the payment data and creates a DME file, the DME accompanying sheet, and the payment summary. The DME file contains all payment information and corresponds to the format that is used by your country's bank. You make the created DME file available for your house bank so that the transfer can be made.
The following graphic shows the process flow of wage and salary payments by bank transfer.