NOTE: This article only applies to Canadian Harmony customers.
Setting up Employees for Payment by Direct Deposit
1. Navigate to Payroll > Payroll Employees > Employee List.
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7. Repeat steps 2 through 6 for each employee who is paid via direct deposit.
Setting Up a Company Bank Account
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- Navigate to Admin Settings >
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- Bank
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- Accounts.
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- Harmony provides the major Canadian banking institutions out of the box, including CIBC, TD, RBC, Scotiabank, and BMO. If your banking institution is listed, go to step #5. If your employee’s banking institution is not in this list, click the “+ New Bank” button to create a new one.
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- Enter the appropriate information into “Bank Code” and “Bank Name”. If desired, you can also upload the bank’s logo.
Note: “Bank Code” refers to the bank’s institution number.
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- Ensure that the bank is made active by toggling on the “Active Bank” toggle.
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- Select the three (3) dots next to your bank to view the bank’s details.
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- Ensure that this bank is indicated as the “Company Bank” by activating the relevant toggle.
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- In the “Bank Interfaces Groups” field, select your bank interface from the dropdown list. For example, if you are using Bank of Montreal, select the Bank of Montreal bank interface group. If your bank is not listed, select the "CPA - Standard 005" interface.
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- Note: The "CPA - Standard 005" bank interface is a 1464-byte file that is the CPA standard and is compatible with all Canadian banking institutions.
- “Description”: This field is how your company name will show in the bank. This will be provided by your banking institution.
- “Next bank file sequence number”: This is the next number in your bank files.
Note: If this is your first transmission out of Harmony, we highly recommend sending a test file to the bank first. Call the bank in advance before sending this test file to notify them. Your test file will have the sequence number “0000” and will change everytime after you’ve sent the file. Once you have sent the file, call the bank to ensure that your file was received properly. After confirmation, you can submit a real bank file. - The following fields are provided by your banking institution: “Originator number”, “Originator’s long name”, “Receiving data centre”, “Institution number”, “Transit number”, “Company account number”, “Originator name”, “Originator client number”, and “Originator’s sundry information”.
- “Currency code identifier”: If your bank does not specifically ask for this, use the CPA currency rule.
- “Item trace number format”: If your bank does not specifically ask for this, use the CPA currency rule.
- “Debit Record (Company Total)”: If your bank does not specifically ask for this, leave this unchecked.
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- Click the “Save” button to save your changes.
Creating a Bank File
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- Process your payroll as normal. Ensure that you have at least one employee who is paid by direct deposit in your payroll. If you’re using Harmony’s payroll process wizard, this is the “Create Bank File” step. If you are not using Harmony’s payroll process wizard, navigate to Processing > Create Bank File and skip to step #3.
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- Select your bank from the dropdown list and click the “Save” icon button at the top-right corner of the page.
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- Verify that the information is correct, especially the “Next bank file sequence number”.
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- Click the “Create” icon button(
) at the top right corner of the page.
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- Harmony will then create a bank file and download to your browser’s default downloads folder.
Note: Ensure that you know where your browser’s default downloads folder is. If you’re not sure, look at your browser’s settings or contact your IT department.
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- Transmit this downloaded file to the bank, by your bank’s specified method.