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PAY: Is it possible to add a new EE Payroll Bank Account Type?
We are on HRMS R12.0.8 US legislation only. One BG, one Ledger, one currency (USD).
Business has requested to add a Payroll bank account type called "Loan Payment". Business also said that it should map to account type code 52. Currently the system shows two Payroll bank account type: Checking and Savings . They are listed in the lookup set US_ACCOUNT_TYPE, which can't be updated from the screen.
My questions are:
1. Can this lookup set be updated? If so, how?
2. How do I make sure that it is mapped to account type code 52 on the ACH file?
This request is originated from EE's bank. Currently in our Oracle Payroll system, the EE's payroll bank account type is listed as "Checking" as the correct account type is not a choice. The EE's bank requested the account type code be correctly listed on the ACH file.