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general:checklists:earlycontractpayoffchecklistoneormorejobsnotalljobs

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general:checklists:earlycontractpayoffchecklistoneormorejobsnotalljobs [2021/04/08 15:53] – emorenogeneral:checklists:earlycontractpayoffchecklistoneormorejobsnotalljobs [2022/06/29 14:35] (current) – emoreno
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-<WRAP box #no-print>{{:images:printer2.jpg|}}[[general:checklists:earlycontractpayoffchecklistoneormorejobsnotalljobs?do=export_pdf&toclevels=1-3&book_title=Early Contract Payoff Checklist (One or More Jobs/Not All Jobs)|Click here to generate a PDF of this checklist]].+<WRAP box #no-print>{{:images:printer2.jpg|}}[[general:checklists:earlycontractpayoffchecklistoneormorejobsnotalljobs?do=export_pdf&toclevels=2-3&book_title=Early Contract Payoff Checklist (One or More Jobs/Not All Jobs)|Click here to generate a PDF of this checklist]].
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-<WRAP round intro>The early contract payoff process is used when an employee is not completing the total months (days) for one job (even if the employee has multiple jobs) that were originally set up on the Job Info tab, and the contract balance is being modified to reflect the correct amount owed based on the number of days earned for the job that is to be paid off early. This is whether the employee is a pay type 1 or pay type 2. If the employee has multiple jobs and all jobs are being paid off early, refer to Early Contract Payoff Checklist (All Jobs).+<WRAP round intro>The purpose of this document is to guide you through the early contract payoff process. This process is used when an employee is not completing the total months (days) for one job (even if the employee has multiple jobs) that were originally set up on the Job Info tab, and the contract balance is being modified to reflect the correct amount owed based on the number of days earned for the job that is to be paid off early. This is whether the employee is a pay type 1 or pay type 2. If the employee has multiple jobs and all jobs are being paid off early, refer to the Early Contract Payoff Checklist (All Jobs).
  
-**Example**:  The employee has a 10-month contract from September through May, but the employee is leaving at the end of February and the contract balance must be modified to reflect the amount earned from the period of September through February. The calculation is performed whether paying the employee off at the end of February or by the next month (i.e., employee did not work past February).+**Example**:  The employee has a 10-month contract from September through May, but the employee is leaving at the end of February and the contract balance must be modified to reflect the amount earned from the period of September through February. The calculation is performed whether paying the employee off at the end of February or by the next month (i.e., the employee did not work past February).
  
 **Note**:  Payoff of TRS supplemental, extra duty account type S, and business allowances occur with the primary job. Therefore, if these payments are to continue after the payoff of job #1, change job #2 to be the primary job prior to processing payroll. The system does not use the **Remaining Pymts** field when calculating payoff for business allowances. Therefore, it is important that the **Amount** field contain the total to be paid off for the primary job. **Note**:  Payoff of TRS supplemental, extra duty account type S, and business allowances occur with the primary job. Therefore, if these payments are to continue after the payoff of job #1, change job #2 to be the primary job prior to processing payroll. The system does not use the **Remaining Pymts** field when calculating payoff for business allowances. Therefore, it is important that the **Amount** field contain the total to be paid off for the primary job.
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general/checklists/earlycontractpayoffchecklistoneormorejobsnotalljobs.1617897233.txt.gz · Last modified: 2021/04/08 10:53 (external edit)

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