Set Payment Mode

Set the payment mode for salary disbursements. By default, the Bank transfer payment mode is set for all employees. 

The Set Payment Mode functionality allows HR Manager to modify the mode of salary payment. Employees are paid through different modes. For example, salaries of trainees can be paid in cash, contract workers through cheque, and employees through wire transfer. Payment mode may vary for each organization depending on their convenience.

Prepare, Process and Finalize Payroll

To set the payment mode, you need to first follow the steps demonstrated in the links below to reach the stage of setting up the payment mode.

● Initiate Payroll

● Calculate Payroll

● Submit Payroll for approval. This is an optional step.

● Finalize payroll

Set Payment Mode for Salary Disbursal

Select the employees whose payment mode needs to be set and then click the Set Payment Mode button.

Note: The number of sections in the In Process tab may vary depending upon the Empxtrack version that you are using.

● The option to edit the payment mode appears. You can choose any of the given options (Cash, Cheque, Wire and Stop Payment) in the Payment option dropdown for the respective employees.

● Provide the cheque number in the Reference field if you are paying the salary through a cheque and provide the receipt number (if a receipt is available) in the Reference field if you are paying the salary in cash. This is an optional step, only when you pay by cheque or cash.

● Click the Set payment mode and disburse date button. The payment modes selected for employees are saved successfully.

Suggested Links

• Initiate Payroll
• Calculate Payroll
• Adjust Payroll
• Submit Payroll for Approval
• Finalize Payroll
• Disburse Payroll
• Manage Challan Info
• Capture Multiple Challan
• Capture Challan TNS 281 Details
• Generate Form 24Q
• Add Acknowledgment Info
• Employee data verification and update
• Import number of days employee worked
• Update out of payroll payments
• Calculate deductions and set up disburse date
• Share payslips with employees
• View Payroll Reports
• View and download statutory reports and challans
• Setup and Upload Monthly Sheet
• Clear Payroll