NZ Bank Account Names

Question

Hi there,NZ Banks are now double checking that bank account names match with bank account numbers. I notice when the payment file is created, the A/c name field is not pulled into this file and instead defaults with the employees First &amp; Last name. When the file is then imported into our bank to make the payments, the names are sometimes incorrect to the exact bank account name. How do we go about updated this for future pay runs without having to manually override the account names each time it is imported into the bank.Thanks

shella_a · Answer

Hi CarlBenton,
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To set up bank account details for payroll, you can follow these steps:
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Go to Accounting &gt; Chart of Accounts or Manage Linked Accounts and locate their bank accounts. These are usually defaulted to "Business Bank Account #1," "Business Bank Account #2," and so on.
 Click on the specific bank account name. Scroll down to find the option to fill in the bank account details.
 To set this as the default for payroll, go to Manage Linked Accounts &gt; Payroll tab and set the business bank account for the first two columns (Pays and Cheques).

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See this link for more detailed information about this.
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Cheers,
Shella

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