Salary & Wage Payments
We manage the complete salary and wage payment process, ensuring your employees receive their compensation accurately and on time. Our service covers various payment methods and frequencies to suit your business requirements.
About This Service
Ensure your employees receive their pay accurately and on time with our comprehensive salary and wage payment service. We manage the entire payment process from calculation to bank transfer, handling all the complexities of different pay rates, overtime, penalties, and allowances.
Key Features
Comprehensive features designed to meet all your salary & wage payments needs.
Direct Bank Transfers
Secure electronic funds transfer directly to employee bank accounts across all Australian financial institutions.
Multiple Payment Methods
Support for various payment methods to accommodate different employee preferences and requirements.
Flexible Scheduling
Configure payment schedules that align with your business operations and cash flow requirements.
Overtime Calculations
Accurate overtime calculations based on applicable award rates, including time and a half and double time.
Penalty Rate Management
Automatic application of penalty rates for weekends, public holidays, and shift work as per relevant awards.
Allowance Processing
Handle all types of allowances including travel, meal, uniform, tool, and industry-specific allowances.
Back Pay Calculations
Process retrospective pay adjustments when rates change or errors need correction.
Payment Reconciliation
Comprehensive reconciliation of all payments with detailed reporting for your records.
Benefits
- Employees receive accurate pay on time, every time
- Reduce administrative overhead on payment processing
- Eliminate manual bank file preparation errors
- Improve employee trust and satisfaction
- Complete audit trail for all payments
- Flexible payment options for your business
- Secure and compliant payment processing
- Detailed payment reports for accounting
What's Included
- Payment calculations for all pay types
- Bank file generation and submission
- Payment scheduling and processing
- Overtime and penalty rate calculations
- Allowance and deduction processing
- Payment reconciliation reports
- Back pay and adjustment processing
- Payment confirmation and tracking
Ideal For
This service is perfect for:
Our Process
A streamlined approach to ensure efficient and accurate service delivery.
Payroll Finalisation
Once payroll calculations are complete and approved, we prepare the payment files for processing.
Bank File Generation
Secure ABA bank files are generated with all payment details, ready for submission to financial institutions.
Payment Execution
Funds are transferred electronically to employee bank accounts according to the scheduled pay date.
Confirmation & Reporting
Payment confirmations are tracked and detailed reports provided for your records and reconciliation.
“The payment processing is flawless. Our employees always receive their pay on time, and the detailed reports make our accounting reconciliation so much easier.”
Michael Thompson
Finance Manager
Frequently Asked Questions
Find answers to common questions about our salary & wage payments service.
When are payments processed and received?
We process payments according to your scheduled pay dates. For standard bank transfers, employees typically receive funds on the designated pay day when files are submitted in time for bank processing cut-offs.
Can you handle different pay rates for the same employee?
Yes, we can manage employees with multiple pay rates, such as different rates for different roles, overtime rates, and penalty rates. All applicable rates are calculated correctly for each pay period.
How do you handle payment errors or adjustments?
We have robust validation processes to prevent errors. If an adjustment is needed, we can process corrections in the next pay run or as a separate payment, depending on urgency and your preference.
What banks do you support for payments?
We support payments to all Australian banks and financial institutions. We generate standard ABA files that are accepted by all banking systems.
How is payment data kept secure?
All payment data is encrypted and transmitted securely. We follow strict security protocols and industry best practices to protect sensitive financial information.
Can we see payment reports before they are processed?
Yes, you receive a complete payment summary for review and approval before any payments are processed. This gives you full visibility and control over every payment run.
Related Services
Explore our other payroll services that complement salary & wage payments.
Ready to Get Started?
Contact us today to discuss how our salary & wage payments service can benefit your business. Our team is ready to help.