The salary payout can be made by cash, cheque or bank transfer. Typically, organisations provide employees with a salary bank account. Once the payroll processing is completed, sufficient funds have to be maintained in the company’s bank account.
The next step is to send a salary bank advice statement to the concerned branch. This statement is issued with particulars like employee ID, bank account number, amount of wages, etc. If there is a payroll software with an employee self-service portal, it is easy to publish the Payslip so employees can log in to their accounts to access the same.