I never had the privilege of having to go to Australia Post to pay a bill. I do, however, remember my mum loaded with bills and cash making that trip on a regular basis. Thankfully, we live in an era where automation is becoming the norm. Who doesn’t love the simplicity of paying bills using BPAY? It’s not as painful giving hundreds of dollars away when you’re on the couch and don’t physically have to hand the money over and watch it disappear!
Outside of direct debit arrangements, BPAY is the most commonly used method of paying bills. What if you could further simplify the payment process by basically eliminating the transaction altogether? Just set up the details once and then rest assured that your bills are paid as part of the pay run process!
Step 1: The employer sets up their BPAY file according to their bank’s requirements within the “Payment Files” settings (previously known as “ABA Settings”). Currently we only support the formats for the following banks: Commonwealth Bank, Westpac, National Australia Bank and ANZ.
Step 2: Employees can add BPAY accounts to their bank account set up. Alternatively, full access users can do this on the employee’s behalf.
Step 3: Once the pay run is finalised, generate the BPAY file to then import via your corporate banking.
When setting up a recurring deduction or processing a deduction within a pay run, it is also possible to choose a BPAY account as the payment type for the deduction.
BPAY transactions will be clearly identified in the employee’s pay slip under “Bank Payments”:
As stated above, BPAY is widely used by all. This feature is significantly beneficial to employees that:
Your employees would love you for simplifying the annoying process of paying bills!
This feature will be released on 5 December and is available to all subscribers.
If you have any feedback, you can leave us a comment below or drop us a line via firstname.lastname@example.org.