About the Payday Schedule

Figuring our Payday

Payday is a vastly important day for the people you will pay. The Payday Scheduler will help you implement your payout policies. There are three modes that AreteX will support:

In Sandbox Mode - In this configuration the only method allowed is "Manual." This is because the automatic ACH Direct (Forte) connection is not yet available. In the "Go Live" sequence, you will be given the opportunity to sign up for automatic Direct Deposit. In Sandbox Mode the PayDay Scheduler allows you to set the pay date for payment. A downloadable spreadsheet of payments due to payees is provided. (Reports & Management / Payees / Manual Batch / Payments Due)

In Live Mode

Without Forte - A downloadable payee spreadsheet is provided, as in Sandbox Mode. Your Pay Method in the Payday Schedule should be set to Manual. You may add Forte automatic payments later if you wish. You can sign up now for this automated payout service. (click here ). This opens a new window.
With Forte - Using Direct Deposit, the schedule you set in the Payday Scheduler allows AreteX to automatically determine payments owed to payees, combine them into a batch format, and submit them to Forte for distribution. As in the other Payday modes, full reporting is found in the Payment Tracking and Reporting (PTR) function.

Payday Schedule Help

Creating the payday schedule you wish to implement with AreteX is an important part of automating the timely availablility of downloadable spreadsheets, Direct Deposit payments, as well as enabling the reporting functions for yourself and your payees.

The "Current Payday Schedule" is set up by using the Payday Scheduler Wizard. You may change your current schedule at any time using this wizard.

Current Payday Schedule fields:

Frequency - This tells how often you plan to pay your people. It can be Daily, Weekly, Semi-Monthly, or Monthly.
Pay Day - Depending on the Frequency of your payouts, this will let you set the day(s) of the month or week you plan on paying your people.
Wait Days - AreteX allows you to build in "Wait Days" according to your business policies. Wait Days take into account such things as waiting for credit card payments to clear, allowing for quick refunds, etc. You can set the wait time to zero (0) if you wish.
Pay Method - There are two basic methods of payout:
- Manual (found in Sandbox Mode and in Live Mode with no Forte account) and
- Direct Deposit (only in Live Mode using Forte ACH Deposit).