Paying Employee in to Multiple Bank Accounts by Set Dollar Amounts - What Happens if They Earn Less?
Hello,
We have an employee that has opted to get paid in to 3 bank accounts.
They have stipulated dollar amounts. Their usual pay will cover the amounts.
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?
Hi DominiqueK,
Thank you for your post.
The payment profiles do seem to work as a 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.
If you have any further queries, please let me know.
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