Bank Remittance

Overview

Below is a clear, business‑focused explanation of the Bank Remittance report, written for practical payroll and finance users.

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Bank Remittance Report – Business Explanation

What Business Information This Report Provides

The Bank Remittance report shows how much money needs to be transferred to the bank for employee salary payments. It consolidates payroll data and presents employee‑wise or bank‑wise salary amounts that must be remitted after payroll processing.

This report acts as a bridge between payroll processing and actual salary payment through the bank, ensuring that the correct amounts are transferred to the correct bank accounts.

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When and Why to Use This Report

You should use the Bank Remittance report:

• After payroll has been processed and approved
• Before initiating bank transfers or uploading salary payment files
• When reconciling payroll totals with bank payment instructions
• When preparing bank‑specific or account‑specific payment summaries

Why it matters: - Prevents overpayment or underpayment to employees - Ensures payroll amounts match bank transfers - Supports audit, compliance, and financial controls - Saves time by summarizing large payroll data into actionable bank payment figures

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Key Columns and What They Mean for Business

While columns may vary slightly by setup, the report typically includes:

• Employee
  Identifies the employee receiving the salary payment.

• Employee Name
  Human‑readable name for easy verification.

• Bank / Bank Account
  Indicates where the salary will be credited. Useful for grouping payments by bank.

• Account Number
  Confirms the destination account for salary transfer.

• Net Pay / Payable Amount
  The final salary amount to be paid to the employee after deductions. This is the actual remittance value.

• Payroll Entry
  Links the payment to a specific payroll run, helping trace the source of the amount.

• Currency (if applicable)
  Important for organizations paying salaries in multiple currencies.

From a business standpoint, these columns help validate who is being paid, how much, and through which bank.

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Available Filters and Their Business Purpose

Common filters include:

• Company
  Useful for organizations managing multiple legal entities.

• Payroll Entry
  Helps focus on a specific payroll run (for example, monthly salaries).

• Posting Date / Payroll Period
  Ensures only relevant payroll transactions are included.

• Bank
  Allows grouping or filtering payments for a specific bank, useful when dealing with multiple banking partners.

• Employee
  Used for verification or resolving individual payment queries.

These filters allow finance and payroll teams to narrow down data, avoid errors, and prepare precise bank payment instructions.

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How to Interpret the Results for Business Decisions

• Total Payable Amount
  Represents the total cash outflow required for salary payments for the selected period.

• Bank‑wise Totals
  Help determine how much money needs to be transferred to each bank.

• Employee‑level Details
  Enable verification before payments are released, reducing the risk of disputes.

• Comparison with Payroll Summary
  Ensures payroll calculations align with actual bank remittances.

If discrepancies appear, it signals the need to review payroll entries, employee bank details, or approval status before releasing payments.

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Common Use Cases and Scenarios

• Monthly Salary Payment Processing
  Finance teams use this report to prepare bank transfers after payroll approval.

• Bank File Preparation
  The report data can be used to prepare or validate bank upload files.

• Audit and Compliance Review
  Auditors use the report to confirm that payroll expenses match bank payments.

• Salary Dispute Resolution
  Helps quickly confirm whether an employee’s salary was included and for what amount.

• Cash Flow Planning
  Management uses total remittance figures to plan short‑term cash requirements.

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Summary

The Bank Remittance report in Dafater is a critical payroll control tool. It ensures that processed salaries are accurately and efficiently transferred to employees’ bank accounts, supporting financial accuracy, operational efficiency, and compliance in payroll operations.

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Report Information

• Module: Payroll
• Related DocType: Payroll Entry
• Report Type: Script Report
• Standard: Yes