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general:otherhelpfuldocuments:calculatingcontractbalance

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general:otherhelpfuldocuments:calculatingcontractbalance [2019/05/14 16:15] – created emorenogeneral:otherhelpfuldocuments:calculatingcontractbalance [2022/05/20 16:47] (current) – emoreno
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-<WRAP round intro>The contract balance on the Account Distribution Journal represents that portion of the contract yet to be paid to the employee or expensed to the general ledger. If the employee is not accruing, it is the amount of the contract balance from the Job Info tab. Absence deductions and refunds do not affect the calculated contract balance, earned pay, and accrued pay for an employee that accrues. However, they do affect the number of days earned that are reported for the employee during the current payroll. If the employee is accruing, the calculations are performed as follows:</WRAP>+<WRAP round intro>The contract balance on the Account Distribution Journal represents that portion of the contract yet to be paid to the employee or expensed to the general ledger. If the employee is not accruing, it is the amount of the contract balance from the Job Info tab. Absence deductions and refunds do not affect the calculated contract balance, earned pay, and accrued pay for an employee that accrues. However, they do affect the number of days earned that are reported for the employee during the current payroll. </WRAP>
  
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 +If the employee is accruing, the calculations are performed as follows:
  
 ====Single Accruing Job==== ====Single Accruing Job====
general/otherhelpfuldocuments/calculatingcontractbalance.1557850521.txt.gz · Last modified: 2019/05/14 11:15 (external edit)

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