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EMPPAYBSOC Property Code

  • Jul 8, 2024 10:39 AM UTC
  • 3 replies
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  • Sidekick (Partner)

Good day.  I just want more information re the EMPPAYBSOC  Property Code; what is it used for?

 

 

Many thanks.  Anya

Best answer by Dharshankumaar Mahendran

Hi @AnGo 

These are used when the employee payment method is BACS. A Bacs payment is a bank-to-bank transfer between banks in the UK.

EMPPAYBSOC stores the employees Building society account number, Building society is something similar to bank in UK. I would say the difference between bank and Building society are the way its run, Banks are mostly listed and in the other hand Building society are owned by members

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3 replies

Dharshankumaar Mahendran
Superhero (Partner)
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Hi @AnGo 

These are used when the employee payment method is BACS. A Bacs payment is a bank-to-bank transfer between banks in the UK.

EMPPAYBSOC stores the employees Building society account number, Building society is something similar to bank in UK. I would say the difference between bank and Building society are the way its run, Banks are mostly listed and in the other hand Building society are owned by members


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  • Author
  • Sidekick (Partner)
  • Jul 8, 2024 12:51 PM UTC

Hi.  Thanks so much for the clarification, much appreciated!


Dharshankumaar Mahendran
Superhero (Partner)
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Hi @AnGo 

Happy to help