Earnings and Deductions Features and Functions
Earnings and deductions include all monies payable to and deducted from an employee for services rendered. Earnings may include wages, commissions, and bonuses. Deductions may include taxes, benefits, etc.
|
- Earning types include hourly employee, with and without time cards
- Earning types include salaried and salaried/exempt
- Earning types include weekly, bi-weekly, semi-monthly, monthly, and special (executive) pay cycle
- Calculates earning types based on shift eligibility, allowable employee types, etc.
- Separately tracks pay earned from tracking salary paid
- Calculates payoff amount based on amounts earned and paid, and on the employee's work calendar
- Pay salary earned in one fiscal year during the next fiscal year
- Calculates blended or weighted hourly rate for overtime purposes, for non-exempt employees with more than one job and rate
- Handles summer school pay
- User-defined deductions (unlimited)
- User-defined codes for earnings
- Controlled deductions by start and stop dates
- Calculation of deductions based on the percent of earnings
- Calculates and subtracts fixed deductions
- Deductions based on hours or shifts worked
- Automatic deductions stop when limit is reached
- Manage and update history of employee compensation and rules
- User-maintained health insurance deductions
- Establishes priorities for employee deductions
- Overrides deduction priorities at the employee level
- Tracks deduction arrears
- Support deferred income plans
- Support automatic deduction links for charitable donations
- Garnishment tracking and prioritization
- Calculates garnishment deductions based on federal or state law
- Payment to garnishees, government body, or benefit provider
- Electronic payment automatically generated to government body or benefit provider
- Monthly severance payments to separated employees with deductions
- Ability to pay multiple locations
- Notify line of changes in sick classification (FMLA approved time versus non-FMLA)
- Prints all deduction and earning codes on pay stub
- Temporary disability insurance parameters
- Workers' compensation parameters
- Payments can be made to a terminated employee, and restricts this feature with security protocals
- Reimburses employee expenses as an earning and through regular payroll check
- Makes adjustments for overpayments in prior years
- Calculates retroactive pay for individual employees
- Calculates retroactive pay for groups of employees
|
|
Payroll Features and Functions
|