EFT Settings
SimplePay allows you to download a file containing all the information needed to make EFT salary payments to your employees in bulk. This file can then be uploaded to special software provided by your bank, or to internet banking, in the case of certain banks.
Filling in Bank Details¶
In order for SimplePay to generate an EFT file, you are required to fill in your primary banking information. To do so:
- Go to Settings > EFT.
- Click on the drop-down menu next to EFT Format to select an EFT export format.
- Complete the rest of your Bank Account Details.
- Click Save.
FNB clients please note: For Enterprise Online Banking, please use the “FNB Enterprise CSV” option. For personal Online Banking (with an OTP), please use the “FNB Online Banking (ACB)” option.
If you are uncertain about which EFT export format to select, please contact your bank for assistance.
Additional Bank Accounts¶
In addition to the primary bank account mentioned above, you can add additional bank accounts. If you do this, it will allow you to select the specific bank account from which a Pay Point should be paid. To do so:
- Go to Settings > EFT.
- Click on the Add button under the Additional Bank Accounts heading.
- Enter a unique name to identify this additional bank account.
- Click on the drop-down menu next to EFT Format to select an EFT export format.
- Enter the rest of the Bank Account Details.
- Click Save.
Note
- You are able to add multiple additional bank accounts, which will appear in alphabetical order according to the chosen names.
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Please ensure that you have chosen the additional bank account for the relevant Pay Point. You may do so as follows:
- Go to Settings > Pay Points, and click on the relevant Pay Point.
- Tick the Not paid from Primary Bank Account box, and then select the Additional Bank Account.
Tip
If you want to deactivate any of your additional bank accounts, under the Additional Bank Accounts heading, click on the name of the additional bank account. Then click Deactivate at the bottom of the screen, and Confirm.
Downloading an EFT File¶
Once you have entered your EFT settings, you can download the payment file. To do so:
- Go to Pay Runs.
- Click on the EFT Export arrow (next to the PDF and Excel icons).
- Ensure that the Action Date is correct.
- Click Download.
The file that is generated can then be uploaded to your banking platform or software.