Setting Up Bank Records of Employees in the United Kingdom
Set up the bank account details of each employee to whom you will send electronic bank payments. You can set up multiple bank accounts for each employee.
Setting up employee bank details in the United Kingdom:
-
Go to Lists > Employees > Employees.
To create a new employee record, see Adding an Employee.
-
Click the Edit link next to the name of the employee.
-
On the Bank Payment Details subtab, check the EFT Bill Payment box and then click Save.
-
Click New Bank Details.
-
Complete the fields on the Bank Details page. The fields that are displayed depend on the EFT format selected.
Field
Description
Name
Enter a unique name for this bank detail record.
Payment File Format
Select SEPA Credit Transfer (HSBC) or BACS if the employee's bank uses the original variation of the BACS payment file format specification of BACS Payment Schemes Limited.
Select BACS-Albany ALBACS-IP if the employee's bank uses the variation of the BACS payment file format specification of Albany ePAY Bureau, Barclays Bank, and (BACS Multiple Fixed Length) Lloyds Bank.
Select BACS-Bank of Scotland if the employee's bank is a branch of Bank of Scotland PLC (BoS). BoS uses a variation of the BACS format where the file headers and footers are omitted.
Select BACSTEL-IP if the employee's bank uses the internet service variation of BACS.
Type
Select whether the bank account is the employee's primary or secondary bank account.
Sort Code
Enter the 6-digit numeric sort code of the employee's bank. The code is used by the British banking industry to route money transfers within the country using different respective clearance organizations.
Account Number
Enter the employee’s 8-digit bank account number.
Account Name
Enter the employee’s bank account name.
-
Click Save.
You can also set up bank records of vendors, employees, customers and partners by importing bank details in CSV format into NetSuite using the Import Assistant. For more information, see Importing Electronic Bank Payments Data.