Understanding the Banking Process

In Global Payroll, banking setup starts in the core application and continues with processing in Global Payroll for Mexico. Before reading this documentation, it is strongly recommended that you read the banking feature in the Global Payroll core documentation.

Before running the banking process for Mexico, you must set up basic banking information in the core application, such as:

  • Defining bank information, such as bank name, address, and ID.

  • Defining EFT formats.

  • Identifying source banks and linking source banks to pay entities.

  • Defining deposit schedules.

  • Defining recipients.

See Understanding Banking.

After running a payroll, funds are sent to the bank, along with instructions for payment. The bank needs to know who is going to be paid, how much they are to be paid, and which bank the wages are paid to. This information is extracted from the core application and stored in the Mexican payroll files, based on a list of payees corresponding to those in the last payroll run. A file is created with a line for each payee, containing a name, bank account number and amount of money. This file must be sent to the bank that then distributes the funds.

Note: Global Payroll for Mexico supports six major Mexican banks: Banamex, Bancomer, Bancrecer, Banorte, Bital, and Scotiabank.

To process banking in Global Payroll for Mexico:

  1. Launch the banking process on the Run Payment Prep Process MEX page.

    The banking process includes launching PS_JOB which groups two different Application Engines: the core Global Payroll application and the Global Payroll for Mexico application. The GP_PAYMENT and GPMX_PAYMENT output tables are populated.

  2. Launch the process to build the EFT file and generate the banking report on the Create EFT Payment File MEX page.

    An SQR, called GPMXBA01, is run. An EFT file is generated, containing the details of each payment from the payroll run. The EFT file must be sent to the bank so that the funds can be transferred to payees' bank accounts. This SQR also generates a report with payment details for validation purposes. You can review and store the payment details.

Note: Each bank in Mexico has a different flat file format. Global Payroll for Mexico has the flexibility to generate these different formats for six of the major banks in Mexico; .Banamex, Bancomer, Bancrecer, Banorte, Bital, and Scotiabank.