This article reviews the settings on the 'Account' page. Here, Users can update the Funding Account and view the Pay Cycle and Employee Classification settings for a Payroll Company.



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The 'Account' page can be accessed by clicking on 'Account' under 'Settings' in the navigation sidebar.


Funding Account


The Funding Account listed is the bank account that will be debited when a Payroll Batch is processed. Only one Funding Account can be on file at a time. 


Funding Accounts are verified through Finicity. This verification will link the Funding Account for payroll to R365, allowing the system to ensure the account has enough funds before payroll is processed. This will safeguard your company from any unnecessary banking fees or penalties resulting from insufficient funds.



Update Funding Account


To update the Funding Account for a Payroll Company:

 


1)Select the desired Payroll Company from the Payroll Company drop-down

2)Click 'Update Account'




The 'Funding Account Update' form will open as a sidesheet

3)Click '+ Link your Account'




4)Follow the Finicity Account Wizard to select the bank associated with the Funding Account and enter account credentials.

Note: Account credentials are not shared with R365.

5)Read the Funding Account Agreement

6)Acknowledge and Sign

7)Click 'Update Account' 


Pay Cycle


Pay Cycle settings can only be changed by R365 Support. To change the Pay Cycle or Pay Period for a Payroll Company, please contact R365 Support.



Company Pay Cycle

 

The Company Pay Cycle is the frequency with which Pay Period Payroll Batches populate. 

  • Weekly
  • Biweekly
  • Semi-Monthly
  • Monthly


Pay Period

 

Pay Period refers to the span of days in which Employee earnings are compiled for a Payroll Batch. Pay Period Payroll Batches will automatically populate on the first day of the next Pay Period.


While the Payroll Company's Pay Period is not displayed on the Account page, it is directly connected to the Company Pay Cycle. The duration of each Pay Period is determined by the configured Company Pay Cycle. The starting date of each Pay Period is determined by the last day of the prior Pay Period.


Employee Classification


Employee Classification settings can only be changed by R365 Support. To change the Employee Classification settings for a Payroll Company, please contact R365 Support.


Employee Classification shows the hour threshold at which Employees are classified as full time versus part time.