PeopleSoft Payroll for North America 9.1 PeopleBook

(USA) Administering Additional U.S. Payroll Functionality

This chapter discusses how to:

Allocate tips.
Adjust imputed income for U.S. group-term life insurance.
(E&G) Certify time and effort.

Allocating Tips

This section provides overviews of the tip allocation process and tip allocation calculation methods, lists prerequisites, and discusses how to:

Enter employee tip allocation data.
Select the tip allocation end date.
Calculate allocated tips.
Update allocation balances.
View allocations for an establishment.
Review the tips allocation process status.

Understanding the Tip Allocation Process

Most large hospitality industry employers must report additional information to the Internal Revenue Service (IRS) concerning the establishment's receipts and the employees' tip incomes, by establishment. A large establishment is one that employs more than 10 people on a typical business day.

Tip allocation is required when the amount of tips reported by tipped employees for a pay period is less than a specified percentage of the establishment's gross receipts for that period. The amount that you allocate is the difference between the total reported tips and the specified percent of the establishment's gross receipts. You can apply for a lower percentage, if you can show, in writing, that the tip rate at the establishment is less than the specified percent.

Each tip establishment allocates tips. An establishment is an individual restaurant, hotel, and so on, at a unique location. If a company has 15 restaurants, it allocates tips separately for each restaurant. In addition, allocated tips are not subject to withholding; therefore, the system does not withhold taxes. However, the system maintains the year-to-date allocated tips shortfall balance and reports it on the employee's Form W-2. Also, the system reports allocated tips on the paycheck stub as memo earnings because memo earnings do not add to the check gross and are not included in taxable grosses.

The tip allocation process consists of four steps:

Calculate the allocated tips.
Use the Structured Query Report (SQR) reports to check the results.

You can calculate allocated tips any number of times for an allocation date before approving the calculation.
Approve the tip allocation results.

After you approve the calculation for an allocation date, you cannot recalculate for that date.
Update the allocated tip balances.

Allocated tips must be approved before the balances can be updated.

Reporting on the Tip Allocation Process

The system provides the following tip allocation reports:

Allocation Earnings (PAY052)
Employee Gross Receipts (PAY055)
Allocation by Establishment (PAY050)
Allocation by Employee (PAY051)

Understanding Tip Allocation Calculation Methods

There are three acceptable tip allocation calculation methods:

Gross receipts
Hours worked
Good faith agreement

In each method, the company allocates tips once per month, quarterly, annually, or for each pay period.

Gross Receipts Method

This method calculates an allocation amount for each directly tipped employee, using the gross receipts that are attributable to directly tipped employees. These steps are based on Form 8027.

To use the gross receipts method:

Calculate the allocation base for an allocation period:

gross receipts in that period × specified percent
Calculate the tipped employee allocation base:

allocation base − total tips reported by indirectly tipped employees
For each directly tipped employee, calculate the employee's gross receipt ratio:

total gross receipts for all tipped employees / gross receipts attributable to the employee
Calculate the employee's share of the allocation base:

tipped employee allocation base × employee's gross receipt ratio
Calculate the employee's shortfall:

employee's share of the allocation base − employee's reported tips

If the amount is less than zero, it is considered zero.
Calculate the total shortfall by summing all employees' shortfall amounts.
Calculate the total tips by summing all the tips that are reported by directly and indirectly tipped employees.
Calculate the total allocation amount:

allocation base − total tips
Calculate the employee's shortfall ratio:

employee's shortfall / total shortfall
Calculate the employee's allocated amount:

total allocation × employee's shortfall ratio

Hours Worked Method

This method calculates an allocation amount for each directly tipped employee using the hours that are worked by the employee.

Note. Only establishments that employ fewer than 25 employees (tipped and nontipped) during a pay period can use this method.

To use the hours worked method:

Calculate the allocation base for an allocation period:

gross receipts in that period × specified percent
Calculate the tipped employee allocation base:

allocation base − total amount of tips reported by indirectly tipped employees
For each directly tipped employee, calculate the employee's hours worked ratio:

employee's total hours worked during this period / total hours worked by all tipped employees that worked during this period
Calculate the employee's share of the allocation base:

tipped employee allocation base × employee's hours worked ratio
Calculate the employee's shortfall:

employee's share of the allocation base − employee's reported tips

If the amount is less than zero, it is considered zero.
Calculate the total shortfall by summing all employees' shortfall amounts.
Calculate the total tips by summing all tips that are reported by both directly and indirectly tipped employees.
Calculate the total allocation amount:

allocation base − total tips
Calculate the employee's shortfall ratio:

employee's shortfall / total shortfall
Calculate the employee's allocated amount:

total allocation amount × employee's shortfall ratio

Good Faith Agreement Method

A good faith agreement is a written agreement between the employer and at least two-thirds of the employees in each occupational category that receives tips (for example, waiters, waitresses, and bus persons). The agreement must provide an allocation of the difference between total tips reported and the specified percent of the gross receipts among the tipped employees. The company decides how to configure the system to allocate tips; however, the formula the company creates must allocate tips based on the actual distribution of tip income among the employees.

Prerequisites

Before you can allocate tips, you must set up the following information for tipped employees:

Company table.
Pay Group table.
Federal and state Tax table.
Tip Establishments table.
General earnings code information.
Earnings code tax information.
Earnings code tax calculation information.
Job Data record.
Form W-2.

Pages Used to Allocate Tips

Page Name	Definition Name	Navigation	Usage
Update Employee Gross Receipts	TIPS_EMPL_INPUT	Payroll for North America, Periodic Payroll Events USA, Tip Allocation, Update Employee Gross Receipts, Update Employee Gross Receipts	Specify the gross receipts to which an employee's tips apply in each tip establishment.
Tip Allocation End Date	TIPS_ALLOC_PD	Set Up HRMS, Product Related, Payroll for North America, Tip Allocation, Allocation End Date, Tip Allocation End Date	Select the end date for the tip allocation. Use the same pay end date as your allocation end date.
Calculate/Approve Tip Allocation	RUNCTL_TIPS_ALLOC	Payroll for North America, Periodic Payroll Events USA, Tip Allocation, Calculate/Approve Allocation, Calculate/Approve Tip Allocation	Run the Run Tip Allocation COBOL SQL process (PSPTARUN), and (after you are satisfied with the results) approve the allocated tips.
Update Tip Allocation Balances	RUNCTL_TIPS_ALLOC	Payroll for North America, Periodic Payroll Events USA, Tip Allocation, Update Allocation Balances, Update Tip Allocation Balances	Run the Update Allocation Balances SQR Report process (PAY053) and produce the Update Allocations Balances audit report. The report lists, by employee, the current allocation amount, the year-to-date (YTD) allocation amount after the current update, the YTD hours (if tip allocation method is hours), and the allocated tips earnings code that is updated. Before using this page, you must approve the allocated tips calculation.
Review Tips Allocation by Employee	TIPS_EMPL_PD	Payroll for North America, Periodic Payroll Events USA, Tip Allocation, Review Allocation by Employee, Review Tips Allocation by Employee	View the record of an individual employee's allocations.
Tip Allocation by Employee Report	RUNCTL_TIPS_ALLOC	Payroll for North America, Periodic Payroll Events USA, Tip Allocation, Allocation by Employee Report, Tip Allocation by Employee Report	Generate the PAY051 report, which lists tip employees, sorted by establishment. See PAY051 - Allocation By Employee.
Tip Allocation by Establishment Report	RUNCTL_TIPS_ALLOC	Payroll for North America, Periodic Payroll Events USA, Tip Allocation, Allctn by Establishment Report, Tip Allocation by Establishment Report	View tip allocation data, by employee, for an establishment. Use the subtotals on this page for troubleshooting.
Employee Receipt Report	RUNCTL_TIP_PAY055	Payroll for North America, Periodic Payroll Events USA, Tip Allocation, Employee Receipt Report, Employee Receipt Report	Generate the PAY055 report, which lists gross receipts for each employee in a selected time period, sorted by input date. Also provides subtotals for each tip establishment and total receipts for the company.
Review Tips Allocations by Establishment	TIPS_ESTAB_PD	Payroll for North America, Periodic Payroll Events USA, Tip Allocation, Review Allctns by Establishment, Review Tips Allocations by Establishment	Generate the PAY050 report, which lists tip allocation information for establishments. See PAY050 - Allocation By Establishment.
Review Tips Allocation Status	TIPS_ALLOC_ST	Payroll for North America, Periodic Payroll Events USA, Tip Allocation, Review Allocation Status, Review Tips Allocation Status	Review the status of the tip allocation process for a company.
Balance Verification Report	RUNCTL_TIP_PAY	Payroll for North America, Periodic Payroll Events USA, Tip Allocation, Balance Verification Report, Balance Verification Report	Generate the PAY052 report, which lists directly tipped employees and their YTD and pending allocated tips. This is a point-in-time report of all employees with allocated tips, sorted by company.

Entering Employee Tip Allocation Data

Access the Update Employee Gross Receipts page (Payroll for North America, Periodic Payroll Events USA, Tip Allocation, Update Employee Gross Receipts, Update Employee Gross Receipts).

Input Date

Enter the input date, which should be between the start date and the end date (posted date) of the period for which you're calculating or approving the tip allocations.

Employment Record (employment record number)

Enter an employment record number for employees with multiple jobs.

Receipts Data

Gross Receipts

Enter the gross receipts to which the employee's tips apply.

Selecting the Tip Allocation End Date

Access the Tip Allocation End Date page (Set Up HRMS, Product Related, Payroll for North America, Tip Allocation, Tip Allocation End Date, Tip Allocation End Date).

Posted Date

This date must match the date that is entered on the run controls for calculating allocated tips and for updating the balances.

Calculating Allocated Tips

Access the Calculate/Approve Tip Allocation page (Payroll for North America, Periodic Payroll Events USA, Tip Allocation, Calculate/Approve Allocation, Calculate/Approve Tip Allocation).

Posted Date

Select the end date of the period for which you're calculating or approving the tip allocations.

Start Date

Select the start date of the period for which you're calculating or approving the tip allocations.

Calculate Allocated Tips

Select to run or rerun the calculation process. You can run the calculation process as many times as you like until you run the approve process. After you run the approve process, you cannot run the calculation process again for that company and allocation date.

Approve Allocated Tips

After you check the results of the calculation process, and you are satisfied with the calculation, select this check box to run the approve process.

Viewing Employee Allocations

Access the Review Tips Allocation by Employee page (Payroll for North America, Periodic Payroll Events USA, Tip Allocation, Review Allocation by Employee, Review Tips Allocation by Employee).

Note. You can view all the allocations of an individual employee even if that employee has allocations for more than one establishment. This page is display-only.

Updating Allocation Balances

Access the Update Tip Allocation Balances page (Payroll for North America, Periodic Payroll Events USA, Tip Allocation, Update Allocation Balances, Update Tip Allocation Balances).

Company

Enter the company which you are updating tip allocation balances.

Posted Date

Select the end date of the period for which you're updating tip allocation balances. The value comes from the Tip Allocation End Date page.

Viewing Allocations for an Establishment

Access the Review Tips Allocations by Establishment page (Payroll for North America, Periodic Payroll Events USA, Tip Allocation, Review Allctns by Establishment, Review Tips Allocations by Establishment).

Note. Access the Review Tips Allocation by Employee page to view allocations for an individual employee.

Reviewing the Tips Allocation Process Status

Access the Review Tips Allocation Status page (Payroll for North America, Periodic Payroll Events USA, Tip Allocation, Review Allocation Status, Review Tips Allocation Status).

Tips Allocation Status

This group box indicates the company's tip allocation status as of the allocation end date.

Note. At the end of the process, all boxes should be selected as complete for that cycle.

Reviewing U.S. Savings Bonds Purchases

This section discusses how to review previous U.S. Savings Bonds purchases:

The U.S. Department of the Treasury has stopped issuing paper savings bonds through traditional payroll savings plans. Employees who want to purchase U.S. Savings Bonds with payroll deductions will be required set up a direct deposit deduction for the TreasuryDirect bond purchase process.

Consult the TreasuryDirect website for information. The TreasuryDirect website at the time of this publication provided:

See http://www.treasurydirect.gov/indiv/products/prod_tdpayrollinfo.htm

Pages Used to Review U.S. Savings Bonds Purchases

Page Name	Definition Name	Navigation	Usage
Review U.S. Savings Bonds	SAVINGS_BOND_LOG	Payroll for North America, Employee Pay Data USA, Deductions, Review U.S. Savings Bonds, Review U.S. Savings Bonds Payroll for North America, Employee Pay Data USF, Deductions, Review U.S. Savings Bonds, Review U.S. Savings Bonds	Display the previous activity of bond purchases and amounts collected.

Viewing Previous Bond Purchases and Amount Activity

Access the Review U.S. Savings Bonds page (Payroll for North America, Employee Pay Data USA, Deductions, Review U.S. Savings Bonds, Review U.S. Savings Bonds).

This display-only page is maintained by the system to show the status of previous savings bond activity. The page shows how much money was deducted toward bond purchases and how many units that money purchased.

Bond Activity Status

The status of the bond activity appears:

Funds Not Ready: Indicates that there are insufficient funds to purchase the bond.

Funds Ready to Disburse: Indicates that there are sufficient funds to purchase the bond when you run the Bond Purchases report.

Funds Disbursed: Indicates that you have run the Bond Purchases report and that the funds have been disbursed for every employee whose record showed Funds Ready to Disburse prior to running the report.

Refunded Balance: Indicates that a transaction has been processed to initiate an Additional Pay transaction to refund to the employee any remaining undisbursed funds associated with a suspended bond purchase.

Suspended Due to Annual Limit: Indicates that bond purchases for the Bond ID/Owner combination have been suspended as a result of reaching the annual purchase limit, and the amount in the Remaining Balance field represents undisbursed funds due to be refunded to the employee.

(USF) This field is updated by the Treasury/Bond Interface. Details are presented in the Purchase Details group box.

AP Status (accounts payable status)

This is system-maintained and indicates whether bond monies were sent to PeopleSoft Payables for payment. This is not applicable to U.S. federal organizations.

(USF) Purchase Details

These fields are updated after the Treasury/Bond Interface is run. This group box applies to U.S. federal organizations only.

Bond Purchase Units	The number of units purchased in the pay period.
Bond Purchased Date	The paycheck issue date of the pay period in which units were purchased.

Adjusting Imputed Income for U.S. Group-Term Life Insurance

This section provides an overview of the Imputed Income COBOL SQL process (PSPIMRUN), lists a prerequisite, and discusses how to

Run the Imputed Income process.
View imputed income calculation results.

Understanding the Imputed Income COBOL SQL Process

Payroll for North America addresses imputed income every pay period. Although imputed income calculations are accurate with the information available in a pay period, you might require adjustments at the end of the year, as a result of changes in coverage or an employee being terminated. To make adjustments, use the Imputed Income Adjustment process.

The Imputed Income process performs calculations and creates a file containing one-time adjustment records for all employees who require them.

Review the calculation results using the Imputed Income Adjustment report before loading the transactions into paysheets.

When you're ready to load the imputed income transactions into paysheets, run the Imputed Income process in Update Paysheets mode, and the system makes the adjustments as one-time deductions with a taxable benefit deduction classification. The system establishes these one-time deductions as off-cycle manual checks (paylines).

The manual checks that the Imputed Income process creates do not have an amount in the Total Gross and Net Pay fields. This is not necessary, because the imputed income adjustment that the process creates is a taxable benefit deduction class, and it does not affect gross or net pay.

When the Imputed Income process creates the adjustment paysheet, it changes the Deductions Taken field value on the By Paysheet - One-Time Deductions page to None. This prevents the system from taking normal taxable benefits and employer deductions on the adjustment check.

You cannot rerun the Imputed Income process. For example, suppose you run the process once and it produces an error after loading some paysheets. If you run it again using the same run control information (the same company, pay group, pay end date, date range, and so on), you receive another error, because the system attempts to insert duplicate rows into the database. Therefore, if you must rerun the process, delete the paysheets that the process added previously.

Attach your adjustment paysheets to a pay calendar that does not contain any other off-cycle paysheets. In other words, there should be no other off-cycle paysheets entered for the same calendar in which you create the imputed income adjustments.

Example

Joanne is a CCB employee in a monthly pay group. Her coverage changes in the middle of the year. From January 1 to June 30, she has basic and supplemental life. Her basic life is fully employer-paid; her supplemental life is fully employee-paid:

Plan Type	Description	Coverage	Premium
20	Life	25,000 USD	Employer-paid premium: 15 USD
21	Supplemental Life	25,000 USD	Employee-paid premium: 1.25 USD

Because the IRS does not consider the first 50,000 USD of coverage taxable, the system performs no imputed income calculations for Joanne during the first half of the year.

On July 1, however, Joanne suddenly gets a big increase in her basic life coverage:

Plan Type	Description	Coverage	Premium
20	Life	50,000 USD	Employer-paid premium: 30 USD
21	Supplemental Life	25,000 USD	Employee-paid premium: 1.25 USD

Because Joanne now has coverage totaling 75,000 USD, starting with the next payroll after July 1, 25,000 USD is considered taxable as imputed income.

Joanne is 37 years old. In this age bracket, the Uniform Premium table calls for a calculation of .11 USD per month per 1,000 USD of coverage:

25,000 USD / 1,000 USD x .11 USD = 2.75 USD
The system subtracts Joanne's employee-paid, after-tax contribution to the coverage:

2.75 USD – 1.25 USD = 1.50 USD taxable benefit.

These calculations are correct beginning with the end-of-July payroll. However, the IRS stipulates that any contributions that are made by the employee must be factored into the equation. In Joanne's case, you must include all her contributions from January 1 to June 30. The result is a reduction in her true tax liability for the year as a whole.

At the end of the year, Imputed Income processing:

Recalculates Joanne's imputed income (without subtracting her monthly contributions) for every month of the year.
Adds up the monthly figures to arrive at a total.
Adds up her monthly contributions.

This table shows the process:

Month	Imputed Income	Employee Contribution
January	0 USD	1.25 USD
February	0 USD	1.25 USD
March	0 USD	1.25 USD
April	0 USD	1.25 USD
May	0 USD	1.25 USD
June	0 USD	1.25 USD
July	2.75 USD	1.25 USD
August	2.75 USD	1.25 USD
September	2.75 USD	1.25 USD
October	2.75 USD	1.25 USD
November	2.75 USD	1.25 USD
December	2.75 USD	1.25 USD
Totals:	16.50 USD	15 USD

Joanne's total imputed income for the year is 16.50 USD; her contributions amount to 15 USD. On this basis, her taxable benefit for the year should be only 1.50 USD (16.50 − 15 USD). However, because the system calculates her taxable benefit on a month-by-month basis, her taxable benefit is 9 USD (6 months × 1.50 USD per month). Therefore, the system must reduce Joanne's taxable benefit for the year by 7.50 USD:

Total taxable benefit from month-by-month calculations (9.00 USD) – total taxable benefit from end-of-year calculation (1.50 USD) = end-of-year adjustment (1.50 USD).

Prerequisite

Before running imputed income adjustment processing, you must establish the taxable benefit deduction that you plan to use for adjustments. You can use either an existing deduction code or establish a new deduction code only for adjusting imputed income. The deduction code should have plan type in the range 20–29, 2Y, or 2Z.

Setting Up Benefit Plans

Pages Used to Adjust Imputed Income for U.S. Employees

Page Name	Definition Name	Navigation	Usage
Calculate Imputed Income Adjustments	RUNCTL_IMP_CALC	Payroll for North America, Periodic Payroll Events USA, Imputed Income Adjustments, Calculate Adjustments, Calculate Imputed Income Adjustments Payroll for North America, Periodic Payroll Events USF, Imputed Income Adjustments, Calculate Adjustments, Calculate Imputed Income Adjustments	Calculate imputed income adjustments and update paysheets with the adjustment amounts.
Imputed Income Adjustment Report	RUNCTL_PAYINIT2	Payroll for North America, Periodic Payroll Events USA, Imputed Income Adjustments, Adjustment Report, Imputed Income Adjustment Report Payroll for North America, Periodic Payroll Events USF, Imputed Income Adjustments, Adjustment Report, Imputed Income Adjustment Report	Generate the PAY033 report, which contains the results of imputed income adjustments.

Calculating Imputed Income adjustments

Access the Calculate Imputed Income Adjustments page (Payroll for North America, Periodic Payroll Events USA, Imputed Income Adjustments, Calculate Adjustments, Calculate Imputed Income Adjustments).

Process From Month and Thru Month

Enter a numerical value for the first and last months in the date range. (Ordinarily, this is 1 through 12—January through December).

Processing Mode

Calculate Impute Adjust Only (calculate imputed adjustment only)

Calculates imputed income for the selected period and creates transaction files, but does not load the transactions into paysheets.

Update Paysheets Only

Loads calculated imputed income transactions that are created in a previous run into paysheets as one-time deductions.

Both

Calculates imputed income and creates transaction files, then loads the transactions into paysheets as one-time deductions.

Use these options as follows:

Run the process in Calculate Impute Adjust Only mode.
Run SQR PAY033, the Imputed Income Adjustment report, and review the results.
If the results are acceptable, run the process in Update Paysheets Only mode to load the transactions into paysheets.
If the results are not acceptable, fix the problems and go back to step one.

Apply GTL/DPL adjustments to

Use this group box to designate the deduction codes to which you want the system to apply the imputed income transactions when it loads the transactions into paysheets.

DPL Effect (dependent life effect)

Select the type of adjustment.

You must have one row for Add to DPL (add to dependent life) and one row for Add to GTL (add to group-term life).

Note. Under ordinary circumstances, the run control has only two rows in the Apply GTL/DPL adjustments to (apply group-term life/dependent life adjustments to) group box. Even if some employees have more than one GTL or DPL plan, the process applies their adjustments to a single plan—one for GTL and one for DPL.

Deduction Code

Deduction codes must be valid for all employees in the run.

Important! This COBOL process takes one or two minutes to process each employee. If you have many employees, the process could take hours or even a full day.

Viewing Imputed Income Calculation Results

Access the Imputed Income Adjustment Report page (Payroll for North America, Periodic Payroll Events USA, Imputed Income Adjustments, Adjustment Report, Imputed Income Adjustment Report).

Note. If you used the process to load adjustment transactions into paysheets, use the Paysheet or Payline pages to view the one-time deductions.

(E&G) Certifying Time and Effort

This section provides an overview of time and effort certification and discusses how to:

Specify time and effort earnings codes.
Run the time and effort report.

Understanding Time and Effort Certification

Higher education organizations can use the Grants Time and Effort Certification report (GMTEC002) to satisfy A-21 Certification requirements. Time and effort certification applies to any individual who receives funding through your institution's sponsored programs office and to anyone who charges more than one funding source or project/grant. Each institution handles this reporting requirement differently.

See Also

PeopleSoft Grants PeopleBook

Pages Used to Certify Time and Effort

Page Name	Definition Name	Navigation	Usage
Grants Time and Effort Certification	GM_TEC_OT_ERNCD	Set Up HRMS, Product Related, Payroll for North America, Compensation and Earnings, Grants Time and Effort Certif, Grants Time and Effort Certification	Select earnings codes to include in time and effort certification.
Time/Effort Certification Report	RC_GM_TE	Payroll for North America, Payroll Distribution, Additional Integrations, Time/Effort Certification Rpt, Time/Effort Certification Report	Run the GM Time and Effort Certification report.

Specifying Time and Effort Earnings Codes

Access the Grants Time and Effort Certification page (Set Up HRMS, Product Related, Payroll for North America, Compensation and Earnings, Grants Time and Effort Certif, Grants Time and Effort Certification).

Earnings Code

Select the earnings code to include in the time and effort certification.

The SQR normally includes all regular earnings hours and amounts, but each employee can have a number of other earnings (additional pay, overtime, bonus, parking allowance, expense reimbursement, and so on). You will not want all of these earnings to be included in the GM Grants Time and Effort Certification report. You can control which of these other earnings to include in the report by listing the specific earnings codes on this page.

Running the Time and Effort Report

Access the Time/Effort Certification Report page (Payroll for North America, Payroll Distribution, Additional Integrations, Time/Effort Certification Rpt, Time/Effort Certification Report).

This page is identical to the common run control page used for many payroll processes and reports.

See Using the RUNCTL_PAYINIT and RUNCTL_PAYINIT2 Pages.

Input Date	Enter the input date, which should be between the start date and the end date (posted date) of the period for which you're calculating or approving the tip allocations.
Employment Record (employment record number)	Enter an employment record number for employees with multiple jobs.

Posted Date	Select the end date of the period for which you're calculating or approving the tip allocations.
Start Date	Select the start date of the period for which you're calculating or approving the tip allocations.
Calculate Allocated Tips	Select to run or rerun the calculation process. You can run the calculation process as many times as you like until you run the approve process. After you run the approve process, you cannot run the calculation process again for that company and allocation date.
Approve Allocated Tips	After you check the results of the calculation process, and you are satisfied with the calculation, select this check box to run the approve process.

Company	Enter the company which you are updating tip allocation balances.
Posted Date	Select the end date of the period for which you're updating tip allocation balances. The value comes from the Tip Allocation End Date page.