Payroll Setup Guide V 1.1
Last update 29-Sepemail@example.com
A Payment Method is the way that your enterprise will pay to employees therecompensation and benefits.The most common payment method types are:• Direct Deposit• Check/Cheque• Cash
To define Payment Method:
[N] Payroll > Payment Methods
Set your effective date to a date early enough to handle any historicalinformation.
Enter a name for the payment method.
Choose the type and currency.
Enter the Bank Details field to open the Bank Details window, this is BankDetails Key FlexField it related to Legislation of BG.
Select Set of Books to indicate the set of books to use if you intend toreconcile payments using Oracle Cash Management.
Select GL Cash Account to indicate the cash account to use for thereconciliation of payments.
Save your work.