Funding bank
The company bank account a payroll payment batch is paid from.
The funding bank is the company bank account that salaries are paid from. In Vintage People you keep a list of company banks, and funding rules can choose a different bank by cost centre, department or branch. When a payment batch is built from an approved run, the rules pick the debit account, and the bank file header carries it with the control totals.
Related terms
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.