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International Payroll - Date Offsets
We are using Global HR and Payroll R12.2.4. We have some confusion on the below date offsets in International Payroll context.
1. Pay:
From MOS doc, "The Check Date, sometimes called Pay Date, is the date of constructive receipt of pay, on which paychecks become negotiable."
Q1: Does this mean that Pay Date is the date on which employees bank accounts are credited ? Will this date be used in the Bank Advice Files ?
2. Direct Deposit:
Q2: Is this the date on which the Direct Deposit or equivalent Bank File Generation program is scheduled to run every period ? Is there any other importance for this date ?