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Overview

In order to get started with creating payroll benefit transfer, you would need to add sufficient funds in bank account and enter the fund transfer details in the Zeta Optima dashboard. This enables you to successfully execute the scheduled transfers. The dashboard also provides you a detailed view of your transactions, for example, viewing the fund addition history or account statement for your internal tracking.

Note

The Zeta onboarding/sales team will share the bank details. You can initiate online NEFT transfer or cheque payment towards bank account. Alternately, you may find bank details under (plus) Add Funds option in the Funding Accounts tab.

In principle, like different companies (Business units) you can have multiple legal funding accounts to manage employees fund transfers. By default a funding account gets associated with your new corporate account. For instance, the screen below shows two funding accounts for your use.

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Creating Funding Account

Zeta Optima interface provides you a quick and secure means to open a Zeta funding account and then add fund transfer details such as NEFT reference or cheque number to the funding account. Create funding accounts as many as you want based on the requirements.

Note

Zeta recommends you to use different funding accounts for different Optima programs for your convenience.

The Optima interface also lets

you

you transfer balance

from

 from one funding account to another funding account. This feature is useful when you operate multiple legal funding accounts and run short of appropriate balance in one of your corporate funding accounts to process monthly benefit transfers. Hence, ensure that you have sufficient balance in your funding account to avoid any last-minute transfer error.

To Open a Fund Account

  1. Log into the Zeta Optima platform

  2. From the left navigation pane, go

to
  1. to Funding Accounts

under
  1.  under Corporate Tools

menu
  1.  menu. This opens up the fund detail page

  2. On this page,
click
  1. click (plus) Open a Funding Account
option
  1.  option.
    Image Modified
  2. Specify
the
  1. the Account Name
of
  1.  of your choice
    Image Modified 
  2. Finally,
click
  1. click Open Account
to
  1.  to create a new funding account

To Add Fund Details

  1. Log into the Zeta Optima platform

  2. From the left navigation pane, go

to
  1. to Funding Accounts

under
  1.  under Corporate Tools

menu
  1.  menu.

  2. On this page,

click
  1. click + Add Funds

against
  1.  against a fund account where you want to add the fund transfer details
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  2. In the “Add Funds to (account name)” screen,

select
  1. select option 2

to
  1.  to enter you payment details such as transaction type as NEFT/IMPS or CHEQUE.
    Image Modified  
    Enter one of the following fund transfer details - NEFT or Cheque and proceed to the next.

    1. On selecting NEFT, configure the following:

      Transfer ParametersDescription
      NEFT NumberEnter the NEFT reference number that you’d see post fund transfer or receive via SMS notification
      Transfer DateEnter the date of the online transfer
      AmountEnter the transfer amount in rupees
      CommentsEnter useful remarks for internal use


    2. On selecting CHEQUE, configure the following:

      Transfer ParametersDescription
      Cheque NumberEnter the cheque number that you’d see on the cheque leaflet
      Cheque DateEnter the date of the issued cheque
      AmountEnter the transfer amount in rupees
      CommentsEnter remarks for useful information

      Image Modified

  2. In both transfer methods as shown above,

click
  1. click Submit Request

once
  1.  once you’ve entered the fund transfer details. Once approved, you can view the details

under
  1. under Fund Addition

tab
  1.  tab (see next section).

To Transfer Funds to Another Funding Account

Note

This feature will only appear if you have multiple legal funding accounts.

  1. Log into the Zeta Optima platform
  2. From the left navigation pane, go to Funding Accounts

 under
  1.  under Corporate Tools menu.

  2. Choose a funding account from where you want to initiate the fund transfer to another account
  3. Locate and click more action (Image Modified) option and then
click
  1. click Transfer funds to another Funding A/c
against
  1.  against a funding account from where you want to initiate the fund transfer to another account. The transfer fund page appears.
    Image ModifiedImage Modified
  2. From "Transfer funds to" drop-down menu, select the funding account that you wish to recharge
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In
  1. In Amount to be transferred field, enter the transfer amount.
  2. Finally,
click
  1. click Transfer Funds
to
  1.  to confirm the fund transfer


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Viewing Fund Details

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Zeta Optima dashboard lets you view your corporate fund details such as available funds, fund request history and balance history for your review. This helps you take informed action well in advance to avoid any order failure since sufficient funds are required to successfully execute the orders.

You can view the following options under Funding Accounts option:

OptionsDescription
Available BalanceGives a quick view of available balance in your funding account.
Fund Addition HistoryGives a quick view of all fund request that are added to your funding account.
Account StatementGives a detailed view of all order transactions including debited, credited or revoked in one page.

To View Available Balance

  1. Log into the Zeta Optima platform

  2. From the left navigation pane, go

to
  1. to Funding Accounts

under
  1.  under Corporate Tools

menu
  1.  menu.

  2. On this page, view the available balance against the individual accounts as seen below.
    Image Modified

To View Fund Addition History

  1. Log into the Zeta Optima platform

  2. From the left navigation pane, go

to
  1. to Funding Accounts

under
  1.  under Corporate Tools

menu
  1.  menu.

  2. On this page,

 click
  1.  click Transaction History

option
  1.  option.
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  2. Click Funds Additions tab to view the fund transfer detail. On this page, you can see all accepted or pending funds initiated via NEFT or cheque transfer.
    Image Modified

To View Account Statement

  1. Follow the steps 1-3 as mentioned in Section: To View Fund Addition History.

Click
  1. Click Account Statement

tab
  1.  tab to view the fund statement details. On this page, you can see all successful transactions such as debited, credited or revoked and so on.Image Modified

Note

You may wish to see older statement beyond Dec 1st, 2016, click "Looking for..... 1st Dec, 2016" option at the bottom of the screen.





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Button Hyperlink
titleFunding Account FAQs
typestandard
classbtn-info btn-lg
urlhttps://docs.zetaapps.in/display/OND/Funding+Account
targettrue