Understanding the Festive Advance Process

The Administer Festive Advance business process is fully integrated with the PeopleSoft payroll process. After you set up some base information—such as calculation rules and a pay program—and associate employees with the base information, the normal payroll processes calculate and track the amounts.

A preliminary calculation of festive advance payment amounts is performed for all employees eligible for the festive advance and you can review, modify, or delete the information if necessary.

After calculating and reviewing the appropriate festive advance amounts for employees in PeopleSoft HR Administer Festive Advance, PeopleSoft Global Payroll enables you to:

• Distribute the amount to employees.

• Recover the advance in subsequent payrolls.