Add a Corporate Payroll Account as Payment Methods Option
Salarium supports disbursements via other local banks. However, the final step will only be the generation of Bank Advice and Bank File (DAT file). Supported Local Banks for disbursement are the following:
Metrobank
Unionbank
BPI
BDO
Security Bank
PNB
AUB
UCPB
Disbursing via other banks means getting billed monthly for the license used by each user versus paying the fixed Php25 disbursement fee per transaction.
Add Company Payment Method
To add a Company Payment Method:
1. From the Top Navigation Bar, click Settings > Company Payroll Settings > Payment Methods
2. Click Add Company Payment Method.
3. Enter the following Bank Account details:
Bank Name
Bank Branch
Account Number
Account Type
Company Code
4. Click Add.
The bank account must be a Corporate Payroll Account.
Adding a Company Payment Method only allows companies to generate a Bank Advise and a Bank File which are needed to be forwarded to your partner bank. The bank will still be responsible for disbursing the company's payroll.
Related Articles
Batch Update Payment Methods
A Payment Method is a way how organizations pay their employees their salaries. In Salarium, there are 4 different types of Payment Methods - Cash, Cheque, Bank Account, and SALPay. When adding employees, whether, through Manual Entry or Batch ...
Create Payroll Groups
Payroll Group Payroll Groups allow you to sort your payroll based on specific categories. For employees to be assigned to a payroll group, they should have common payroll details such as the Day Factor, Number of Working Days, Pay Frequency, and Pay ...
Verify Account
To get started with your Salarium Account as an Admin, make sure you first go through with Account Verification. Skipping this step will not allow you to log in to your account. Upon User Activation, this triggers an email verification to the ...
Sign Up and Create an Account with Salarium
Salarium provides a solution that will ease the pain of manual timekeeping and payroll processing. Salarium is a complete end-to-end time and payroll solution. We have 3 core modules, our Transparent Time and Attendance, our Effortless Payroll, and ...
Add Deduction Types
What is a Deduction? A Deduction is an amount that is cut off an employee’s salary as a payment for a specific service received, a membership or an item purchased. Some of the examples of deductions are as follows: Gym Membership Car Parking Fee ...