If you wish to avoid payment hassles, you may run your payroll and even pay your employees through Asanify itself.
You will first need to request the creation of a virtual account and then add balances to the account once the account has been created.
You may then initiate the payout process on Asanify.
Here is a step-by-step guide.
Step 1: Run your payroll.
Step 2: Initiate the Payout process.
Step 3: View the Payout Details for each employee.
Step 1: Run your payroll.
Please refer to the steps on how you may run payroll here.
Step 2: Initiate the Payout process.
After you have run payroll you may click on the Initiate Payout button present on the screen to pay employees at that time itself or you may pay them later.
If you wish to pay them later, you may click on the Payroll dropdown from the left navigation bar and click on Payruns.
Click on the Initiate option present next to the Payroll period for which you wish to pay your employees.
You may read the Terms & Conditions by clicking on the Terms & Conditions link.
Select the checkbox that states 'I agree to Asanify's Terms & Conditions'.
You may then click on the Confirm Payout button.
Your payout will be initiated and you may view the account statement to see the latest status. Click on the View Account Statement button.
The 'Created at' column will show you when the payout was made.
Step 3: View the Payout Details for each employee.
You may go to the Payruns tab and click on the More button -> Click on View details.
You may view each employee's Payout Status here -> If the status shows 'Success' that means that the payout was successful and salaries have been transferred to your employees' accounts.
If you scroll to the right you will notice all the additional details will be present here.
You may view the Payout Details for each employee by clicking on the View button in the Payout Details column.
You may view the Payout attempts here as well.
To view more details for each Payout Attempt -> Click on the More button corresponding to the payrun you initiated the payout for.
