PPC_ID_DOLLARS is a 10 digit numerical field which stores the pay component code that will store the “earnings” result of the premium calculation. Users may wish to use this field if the earnings from the premium are stored separately as a result of the premium transaction. This may be necessary if the cost account (or distribution code) of the premium differs from the originating transaction.
Continuing with the same example as above, this employee’s rate is $10/hr, and the premium rate is $0.50/hr. If separate areas for tracking regular earnings and premium (or shift) earnings are required and defined, the result would be: $80.00 regular earnings, $ 4.00 premium earnings
If the company requires only that the earnings be recorded in one lump sum (premiums are not tracked as a separate amount on the financial journal, or are tracked based on hours pay components, instead), the result would be: $84.00 regular earnings
