What is Payroll Adjustment
- Payroll Adjustment are used to adjust some of the payroll via gross pay or net pay. Payroll Adjustment Types should be set up to use this feature.
This module contains the following functions and terminologies:
- Employees - affected employee(s) for payroll adjustment
- Type - Payroll Adjustment Type
- Transaction Type - If the transaction will occur as Income or Deduction
- Taxable Income - Additional income that will be included on your Gross Pay
- Non-Taxable Income - Additional income that will be included under your Net Pay
- Taxable Deduction - Additional amount that will be deducted on your Gross Pay
- Non-Taxable Deduction - Additional amount that will be deducted on your Net Pay
- Tax - Adjusted Tax for current payroll
- Employer Contribution - Adjusted ER Contribution
- Government Contribution - Adjusted EE Contributions
- From - Start Month and Year of the Adjustment
- To - End Month and Year of the Adjustment
- Frequency - how often the payroll adjustment will reflect
- Every Cutoff
- First Cutoff
- Second Cutoff
- Third Cutoff
- Fourth Cutoff
- Fifth Cutoff
- Remarks - put remarks regarding the Payroll Adjustment