Employee Auto Deposit
This screen is used to assign auto-deposit information for employees.
In Spectrum, you can deposit an employee's paycheck directly into up to five different bank accounts. For the automatic deposit feature to work, the Payroll Installation screen must include a G/L code for automatic deposit liability (this account will be credited in the amount of the automatic deposit).
Important: Changes cannot be made to an existing employee's
auto deposit status until a new payroll cycle is set. This provides important protection to
ensure that an employee does not receive a check while being included in the auto deposit
file. However, changes can be made to the auto deposit status a new employee is added, or
if the auto deposit cycle was cleared after the export was updated on the Write Automatic
Deposits screen.
Note: If the 'Use secure download page for electronic files' option was
selected on the Installation screen, ACH files processed on this screen will be sent to the
Secure Electronic File Downloads screen for secure processing. Only users with a security
level of 8 and above will be able to download ACH files on this screen.
