Credit union saving deduction

[Former Member]

Hi,

The client has a requirement where the credit union saving deductions need to be deposited into a separate saving account which is different from the main bank account where the regular net payment(/559) is deposited. Please let me know how we can configure this in SAP.

Thanks,
Shilpa

[former_member193210]

Are the deposits to be made into a single Bank or multiple Banks (depending on the employee)?

You could look into Third Party Remittances and FI Suppliers.

[former_member235056]

Hi Shilpa,

You need to create a secondary bank as subtype copying other bank and use the same.

If at all required, you may need to proably look at net pay rules in schema and then proceed copying same for allowing the new subtype to have it worked.

Thanks,

Ameet

[Former Member]

Hi Ameet,

can we assume that  will be passing the secondary bank data for the credit union saving deduction in the same file as the  staff ACH payement or do we need to  build a separate interface to send these payments to the Bank.

Thanks,

Shilpa

[former_member235056]

HI Shilpa,

If you want it to go via ACH in same ACH file that you current banking is set-up to go then use IT0009 scondary bank subtype option as it would push all your amounts on same ACH file having being reading your Bank Table cluster.

If you need it to go to a different bank then probably need to route via Third party Remittance set-up by setting up vendor as Credit Union.

This will also mean the deductions would route to Credit Union when you run payroll and then third party remittance interface which could be moreover custom as layout and results that needs to be passed could have a very specific formatting and expectation by Vendor.

Hope this helps.

Thanks,

Ameet