A760 Termination Time Payout {optional}#
Is time paid out on termination?
If this component is chosen the amounts will not be paid out unless the ‘Final Pay Method’ is indicated on the pay header. The method will be updated when the employee has been terminated within the pay period and the Termination Reason code has ‘Final Pay’ indicated on the IDTR form.
Any activity in this component will reduce the Time Owing in A700 to zero (0).
Yes: Choose the rule to be used
No: Go to A900
| Rule | Description | Logic | Assoc. | Go to |
|---|---|---|---|---|
| 01* | Time Paid out on Termination | Causes the time owing on termination (A740) to pay out when the employee’s employment status is “terminated”. It may be necessary to record the Time owed on termination, but not desired to automatically pay out this Time. If this component is used, a leave line for the time will be created automatically when the employee is terminated. If the amount is to be recorded on the payroll register and stub, a payroll Time component must be defined for this component. It may be necessary to record the time lost (not paid out) on termination in financial ledgers. In this case, define this component, and include a payroll component that does not appear on the employee payroll stub. | A740 | A770 |
