Banks are used to generate the payroll bank file / DAT file to be uploaded online for payroll crediting.
Here's how to add a new bank to your Sprout Payroll account.
1. Hover the arrow over Setup > Company then click Banks.
2. Click Add a New Record.
3. Fill out the fields as necessary: Name, Code, Account Number, Company Code, Presenting Office and Remarks.
For the Code, please refer to the following list of bank codes that are accepted by the system:
- bpi family
Click Save after filling out the fields.
4. Once done, it will be available in the dropdown choices of Banks in the Employee Profile.
You've just learned how to add a bank in Sprout Payroll. For questions and suggestions, please reach us at firstname.lastname@example.org.