Paying Employee in to Multiple Bank Accounts by Set Dollar Amounts - What Happens if They Earn Less?

Question

Hello,&nbsp;We have an employee that has opted to get paid in to 3 bank accounts.&nbsp;They have stipulated dollar amounts. Their usual&nbsp;pay will cover the amounts.&nbsp;What I am trying to find out is - what will happen if for some reason they get a smaller pay (for example, they take leave without pay). Is there a hierarchy? As in, will MYOB assign money to the first account, then the second with the remainder, and dismiss the third for that pay?

sam_r · Accepted Answer

Hi&nbsp;DominiqueK,
&nbsp;
Thank you for your post.&nbsp;
&nbsp;
The payment profiles do seem to work as a&nbsp;hierarchy system (the first account being the primary account). If the payment is less than usual, the secondary or third account will be reduced instead.&nbsp;
&nbsp;
If you have any further queries, please let me know.
&nbsp;
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Forum Discussion

Paying Employee in to Multiple Bank Accounts by Set Dollar Amounts - What Happens if They Earn Less?

1 Reply

Looking for something else?

Related content

Multiple employee bank accounts

Multiple account balances incorrect

Payroll - creating new employee

Creating Multiple Superannuation Guarantee accounts

Item tracking to multiple income accounts

Multiple email addresses

Income Statement Not Appearing in Employee's ATO Account

Connected Accounts