MIP Ideas Portal

Net Pay Option for Supplemental Payrolls

Many times companies run supplemental payrolls for various reasons (including special bonuses). In these instances, layering out this payment among multiple bank account levels is not the favored option. Thus, either the Accounting/Payroll team is asked to adjust all active employees' direct deposit information and then change it back OR the impact of the bonus amount that the executive team is trying to achieve is watered down by the allocation among several bank accounts. Having this option (which competing accounting systems do) will allow (1) Accounting to spend their time more effectively and (2) the executive team's desired impact to be shared.

  • Guest
  • Nov 27 2019
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  • Dominick smith commented
    13 Jun 01:53pm

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