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Add/Edit Standard Earnings/Deductions Specs

The Add/Edit Standard Earnings/Deduction Specs Module step is used to set up standard earning and deduction entries. These entries can then be processed and automatically added to the transaction file for each pay period through the Add Standard Transaction to Payroll Run Module step. Standard entries may be taxable income, non-taxable income or deductions.

Standard earning and deduction entries are payroll records that are used to calculate a paycheck each time the employee is paid. For example, an employee who is paid a salary can have their salary amount set up as a standard earning record. Or a deduction that is taken out each pay period can be entered as a standard deduction record.

Multiple earning and deduction records can be entered for each employee. For example, if an employee splits his time between the sales department and the support department, then his standard salary can be split into two earnings records- one for each general ledger number.

For step-by-step instructions, see the Common P/R Transactions section.