Payroll
Bank schedule
The file or list instructing the bank to pay each employee's net pay.
A bank schedule (or payment schedule) is the output of a payroll run that tells the bank how much to pay each employee and into which account. It is generated once a run is approved and is used to disburse salaries.
Related terms
Help & how-to
See it in practice
The payroll run lifecycle, explained
Run, review, approve and lock, pay, remit, then roll over. The same flow every month.
Read the variance report
Compare this run to last period and catch a silently-wrong payroll before you approve.
Set up salary structures & pay elements
Define what people earn once, assign it in bulk, and override per employee where needed.
See it applied to real payroll
Vintage People applies these statutory rules on every run, with a full audit trail.