Payment plans determine pay distribution and must be defined for each of an employee’s jobs.
A different payment plan can be selected for each job, and payment plans can be customized as necessary.
Payment plans can be edited until the employee is submitted to payroll.
You only need to specify payment plans if the job should not have the default payment plan, Begin to End Date.
If the employee turns in a time sheet, the payment plan doesn't need to be specified.
For every payment plan, paycheck amounts are based on payable days and expenditures are calculated based on the accounting method specified for the payroll cycle.
With the Cash Basis accounting method, expenditures are based on paycheck amounts.
With the Accrual accounting method, expenditures are calculated using the following formula:
Expenditure equals (Salary divided by Total Contract Days) times Contract Days in the Payroll Period.
Total Contract Days are calculated for Salary type jobs in Manage Employees, based on the job/addendum begin and end dates and associated contract days calendar created in Human Resources Configuration.
Specify payment plans for a group
Manually adjust a payment plan
Return to Employee Payroll Information Overview
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