How do you pay 200 people at once? 💸
No need to look too far; the list of solutions is limited. The one we found consists of gathering up all the information in a single file.
Once again, you have several options available:
- an .XML file,
- or a .CSV file.
To keep things simple, .XML format is very easy to use if you work with payroll or accounting software.
In fact, this format must follow a specific standard, that is ISO 20022. This is a standard that applies to data shared by banks and financial institutions in general. Most management tools like PayFit follow this standard, so you can export the list of transfers to be sent to your employees directly in .XML format.
The problem is that not everyone works with this type of tool. Some of you are self-employed, for example, and some of you manage your payments manually.
In light of this, we’ve offered you a more accessible solution: .CSV format. This classic format can be exported from Excel. This means that (almost) everyone can access it!
Simply choose the format that’s right for you. 🙃