We are letting you know about the latest updates on Sprout Payroll! A useful new feature that is now available!
Let's check out the new feature and system update for Sprout Payroll: Instacash Repayment DAT File in Sprout Payroll - this feature will be available to the clients who are users of the following:
- Instacash Subscribers
- Using 1 bank: Either BDO or BPI for all Employees
Instacash Users with Instacash repayment amount on a specific Payroll Run will have the option to download a DAT File with the total amount to be repaid to Advance:
This means that Advance’s bank information for BDO or BPI will be added to the DAT files and the total Instacash repayment amount of the client to them.
These 2 additional options, Payroll + Instacash DAT File and Instacash DAT File, are available on the following Payroll Run types
- Normal Run
- Special Run
- Final Pay Run
The payroll processor must meet the following preconditions in order to use the additional options:
- There is an Instacash repayment amount in the specific Payroll Run.
- Payroll Run is in Approved Status
Once the user has processed the Payroll Run, and the Bank DAT file is now ready for download, they will now see the additional options to download Instacash DAT File and Payroll + Instacash DAT File.
What happens if the processor tries to download the DAT file with Instacash Details but the Payroll Run is not yet approved?
The 2 new sub-options will be grayed out and the user will be prompted that the Payroll Run for that period must be approved first before they can download the DAT file with Instacash repayment details.
Upon downloading the file with Instacash details, it will trigger an email to Advance for a possible repayment.