To better understand which file is a better choice for you, here's how:

Bank File (FAST)

  • Shows the breakdown of all employees' salaries in the bank statement, which could be a potential confidentiality issue.
  • FAST essentially allows you to transfer funds between banks instantly. However, each transaction for FAST payment is charged a more expensive rate compared to GIRO.
  • Not SAL coded.

Bank File (GIRO)

  • The preferred option because it displays 1 transaction line only in the bank statement for the whole batch payment.
  • SAL coded by default.

Hope this helps you to make a more informed decision 😁

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