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Trace: • Generate the Employee Salary Information report • Verify actual fund balance obj.sobj codes • Verify 1095 data
humanresources:payrollprocessing:eoypayrollaccruals:runcalculations

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humanresources:payrollprocessing:eoypayrollaccruals:runcalculations [2018/07/24 18:21] – external edit 127.0.0.1humanresources:payrollprocessing:eoypayrollaccruals:runcalculations [2020/09/28 16:41] (current) – removed emoreno
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-======Run Calculations - HRS5500====== 
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-<div #message></div> 
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-//**Human Resources > Payroll Processing > EOY Payroll Accruals > Run Calculations**// 
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-<WRAP round intro> This tab is  tab uses the employee's pay information and the estimated hours or estimated days on the Accrual table to calculate the pay for each employee that is to be expensed in the current year but paid in the next school year. First, the system computes the salary by taking either the next year accrual daily rate or the hourly rate, depending on the person's pay type, and multiplying it by either the number of days or the number of hours worked as set up in the Accrual table. Next, the year-to-date amounts for associated benefits, such as FICA, Unemployment, and Federal Grant are calculated by multiplying the pay by the appropriate percentages. 
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-Since the calculations are based on the next year personnel records, the district should verify that the next year information is correct. For daily rate jobs (pay type 1 or 2), it is especially important that the next year contract begin date, distribution account code, accrual code, and accrual rate are accurate for all jobs. For hourly rate jobs (pay type 3), it is important that the contract begin date, job code, account code, and pay rate are accurate for all jobs. 
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-The accrual calculations process stores the information derived from these calculations in a temporary work file that is used to generate all transactions that are posted to the Finance application. Once these temporary work file records are created, the district cannot modify the records. However, the district can adjust the information in an employee's record and rerun the calculations to change what is stored in the temporary work file for that employee. The EOY Accrual Information and the EOY Accrual Distribution Reports show the calculation results. 
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-If an employee is paid out of multiple distribution account codes, the salary amount is adjusted to reflect what percentage of the salary is paid for out of that account code. For example, if one distribution account code pays 30% of a person's salary, the amount recorded for the salary for that account code is 30% of the calculated salary for that person. 
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-**Note**:  The system normally subtracts one from the fiscal year in the employee’s master distribution account codes to properly expense the amounts. In order to accommodate the federal funds, the fiscal year should not be adjusted to properly expense the amounts. Use the Decrement tab to define the funds to not be decremented. 
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-</WRAP> 
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-====Run accrual calculations:==== 
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-{{page>general:humanresources:payrollprocessing:eoypayrollaccruals:runcalculations_body}} 
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-++++Review the report. |{{page>general:printreport&inline}} ++++ 
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-{{indexmenu_n>15}} 
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humanresources/payrollprocessing/eoypayrollaccruals/runcalculations.1532456462.txt.gz · Last modified: 2018/07/24 13:21 (external edit)

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