Using Novabook
Pay all your employees with one click
Paying your team used to be a painful time of the month, but not anymore.
You can use Novabook Payroll Payments to pay your whole team in one go. Approve your pay run, schedule the payments for payday, and confirm with your passkey. The payments then go out to all your employees automatically on payday.
How do Novabook Payroll Payments work?
Your payroll is paid from a dedicated business bank account, fully integrated into Novabook & provided by our partner Griffin.
We can set up & open your Novabook Payroll account for you.
You top up your Novabook Payroll Account.
You schedule payments for payday. Approve your pay run and schedule payment for all your employees at the same time.
How do you open your Novabook Payroll account?
Email payments@novabook.com to get set up with Novabook Payroll Payments for only £10/month + VAT.
Novabook Payroll Payments are made through an Embedded Bank account, provided by our partner, Griffin Bank Ltd ("Griffin"). Griffin is a company registered in England and Wales (No. 10842931). Griffin is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Griffin's firm reference number is 970920.
How do you top up your Payroll account?
Go to the Bank tab in Novabook and click Deposit. The Deposit screen shows the account details for a bank transfer from your usual business bank account.
The Bank tab shows your bank balance, interest rate and every transaction that you've made with your Novabook Payroll account.
How do you schedule your payments for payday?
1) Once you've approved your pay run, click Schedule Payments, or go straight to the payments screen.
2) Click Schedule remaining schedule payments to all your employees for payday. When you schedule, we check that there's enough money in your payroll account to cover the payments.
3) Confirm the payment with your passkey. You'll need to use the same browser & device you set up your passkey with.
We may require some additional KYC documentation & a new engagement letter in order to get you fully set up, but this depends on the date that you signed up to Novabook.
Eligible deposits of up to £120,000 per depositor are covered by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. Visit Griffin's website to learn more about deposit protection.