Payroll: Adjust Definition Balances
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Contents
About
- Payroll
- Setup/Utilities
Adjust Definition Balances lets you make adjustments for all employees to a single deduction a time. This program is especially useful at year end and when annual changes to deductions such as health insurance need to be implemented.
Adjustments:
- MTD, QTD and YTD Amounts by creating a transaction on a specified date.
- Balances for Loan Type definitions
- Employee Factors such as deduction amounts, rates and limits.
Using the Program
Upon starting the program, specify the definition you wish to adjust. The available columns will vary depending on the definition selected. For loans, a balance column will appear. Factor columns are added as needed.
Example: Setting YTD Company Paid Insurance Amount
Example: Setting YTD Total Employee Monthly Insurance Cost
Example: Updating Factors for 401k
When you select a definition, the amount values, balances and factors for all employees will be listed.
