This page (revision-12) was last changed on 26-Nov-2021 10:22 by JEscott

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DEDUCTIONS AND ARREARS
DEDUCTIONS AND ARREARS

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At line 7 changed one line
!!Pay Component Deduction Rules
!!PAY COMPONENT DEDUCTION RULES
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!!Positive Deductions
!!POSITIVE DEDUCTIONS
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;:Some of these deductions may require arrears to be generated, some will not. If the ‘[Create Arrears|POSITIVE_ARREARS]' option is chosen, the system generates arrears under the original [pay component|PAY COMPONENTS] for the entire amount of the deduction. The arrears are stored on the Maintain Sundry ([IPSN]) form to be recovered from the employee on the next pay to be processed.
;:Some of these deductions may require arrears to be generated, some will not. If the ‘Create Arrears' option is chosen, the system generates arrears under the original [pay component|PAY COMPONENTS] for the entire amount of the deduction. The arrears are stored on the Maintain Sundry ([IPSN]) form to be recovered from the employee on the next pay to be processed.
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;:If the ‘[Create Arrears|POSITIVE_ARREARS]' option is chosen, the system generates arrears under the original [pay component|PAY COMPONENTS] for the amount NOT taken. The arrears are stored on the Maintain Sundry ([IPSN]) form to be recovered from the employee on the next processed pay.
;:If the ‘Create Arrears' option is chosen, the system generates arrears under the original [pay component|PAY COMPONENTS] for the amount NOT taken. The arrears are stored on the Maintain Sundry ([IPSN]) form to be recovered from the employee on the next processed pay.
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;:When [UPCALC] advances money, the deduction [pay component|PAY COMPONENTS] is recorded with the full deduction amount. If the company wants to collect the advance money back, you should turn the ‘[Create Arrears|POSITIVE_ARREARS]’ toggle on. When this option is chosen, the system generates arrears under the 'Recoverable Advance' [pay component|PAY COMPONENTS] for the amount advanced to the employee. The arrears are stored on the Maintain Sundry ([IPSN]) form to be recovered from the employee on the next processed pay.
;:When [UPCALC] advances money, the deduction [pay component|PAY COMPONENTS] is recorded with the full deduction amount. If the company wants to collect the advance money back, you should turn the ‘Create Arrears’ toggle on. When this option is chosen, the system generates arrears under the 'Recoverable Advance' pay component for the amount advanced to the employee. The arrears are stored on the Maintain Sundry ([IPSN]) form to be recovered from the employee on the next processed pay.
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If the [Create Arrears|POSITIVE_ARREARS] toggle is ON, arrears are created for any amount that could not be deducted. If arrears are to be created for the portion not taken, then depending on the Positive Deduction rule, the arrears will be created under either the original deduction [pay component|PAY COMPONENTS] or the recoverable advance [pay component|PAY COMPONENTS].
If the [Create Arrears|POSITIVE_ARREARS] toggle is ON, arrears are created for any amount that could not be deducted. If arrears are to be created for the portion not taken, then depending on the Positive Deduction rule, the arrears will be created under either the original deduction pay component or the recoverable advance pay component.
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!!Negative Deductions
!!NEGATIVE DEDUCTIONS
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#* E.G. Your company gives a travel advance to an employee. You may set up a “Travel Advance” [pay component|PAY COMPONENTS] as a deduction [pay component|PAY COMPONENTS] and then enter a negative amount through the transaction form to give the advance. The negative deduction will be added to gross or net pay.
#* E.G. Your company gives a travel advance to an employee. You may set up a “Travel Advance” pay component as a deduction pay component and then enter a negative amount through the transaction form to give the advance. The negative deduction will be added to gross or net pay.
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# The deduction is internally generated by [UPCALC] and results in a negative amount. A deduction may be calculated from [usercalcs|USERCALC], benefit plans, taxes, etc. and the result is a negative amount. This negative amount may be correct or incorrect, however, [UPCALC] must know how to deal with this amount. If the [Pay Component|PAY COMPONENTS] rules are not set up to handle the negative deduction, then [UPCALC] will take the default, add the negative deduction amount to gross pay and not set up arrears. All negative deductions will be processed first, prior to the positive deductions, so those negative deduction amounts are added into gross pay or net pay before taking other deductions.
# The deduction is internally generated by [UPCALC] and results in a negative amount. A deduction may be calculated from usercalcs, benefit plans, taxes, etc. and the result is a negative amount. This negative amount may be correct or incorrect, however, [UPCALC] must know how to deal with this amount. If the [Pay Component|PAY COMPONENTS] rules are not set up to handle the negative deduction, then [UPCALC] will take the default, add the negative deduction amount to gross pay and not set up arrears. All negative deductions will be processed first, prior to the positive deductions, so those negative deduction amounts are added into gross pay or net pay before taking other deductions.
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;:If arrears are to be created for the negative deduction, the arrears will be created under the original deduction [pay component|PAY COMPONENTS].
;:If arrears are to be created for the negative deduction, the arrears will be created under the original deduction pay component.
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;:If arrears are to be created for the negative deduction, the arrears will be created under the original deduction [pay component|PAY COMPONENTS].
;:If arrears are to be created for the negative deduction, the arrears will be created under the original deduction pay component.
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!!Arrears Processing
!!ARREARS PROCESSING
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!!Deduction and Arrears Processing Notes
!!!DEDUCTION AND ARREARS PROCESSING NOTES
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*When recovering the arrears from a prior pay, each arrears deduction will be recovered according to the [Arrears Recovery|DEDUCTION_RECOVERY] rule as specified in the pay component rules by the order the arrears are created i.e. the oldest arrears will be collected first.
*When recovering the arrears from a prior pay, each arrears deduction will be recovered according to the Arrears Recovery rule as specified in the pay component rules by the order the arrears are created i.e. the oldest arrears will be collected first.
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*When arrears are generated under the original deduction pay component, if the deduction pay component is made up from one or more lines of transactions, the arrears will be generated according to the input transactions so that the original distribution can be used.
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*When arrears are generated under the original deduction [pay component|PAY COMPONENTS], if the deduction [pay component|PAY COMPONENTS] is made up from one or more lines of transactions, the arrears will be generated according to the input transactions so that the original distribution can be used.
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!!Deduction and Arrears Processing Examples
!!!DEDUCTION AND ARREARS PROCESSING EXAMPLES
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![Notes|Edit:Internal.DEDUCTIONS+AND+ARREARS]
[{InsertPage page='Internal.DEDUCTIONS+AND+ARREARS' default='Click to create a new notes page'}]
This page (revision-12) was last changed on 26-Nov-2021 10:22 by JEscottTop