Understanding Earnings Tables
This topic lists prerequisites and common elements and discusses earnings tables.
Before setting up earnings:
Set up the Company table, Earnings table, Special Accumulator table, Shift table, and Pay Group table.
Determine how your organization wants to define and segregate earnings, special accumulators, and shifts within the system.
Note: When you define earnings codes, you must define several basic earnings codes on the Pay Group Table - Calc Parameters (Pay Group table - Calculation Parameters) page.
Field or Control |
Description |
|---|---|
Override Limit Amount |
Enter a value by which to limit the amount to pay if the regular payout amount exceeds the amount specified for an earnings code. |
Frequency |
Specify how to express the compensation rate: Hourly, Daily, Monthly, Annually, and so on. Maintain frequencies on the Frequency Table page. |
The system calculates earnings based on information that you enter in the Company table, Earnings table, Special Accumulator table, Shift table, and Pay Group table.
The Earnings table is the basis for calculating and taxing earnings, although some of the information in the table depends on special accumulator codes and shift information. In the Earnings table, you define how to tax, calculate, and adjust each type of earnings (such as regular, overtime, and sick). You also define how earnings types affect other balances, such as leave accruals. Use the Special Accumulator table to accumulate earnings to use later in deduction calculations, such as a savings deduction based on a percentage of regular and overtime pay only. The Shift table works in conjunction with the Earnings table to calculate shift premiums.
Note: The information that you define in the Earnings table affects several fields on paysheets: regular hours, overtime hours, regular earnings, and additional earnings, and tax methods. You can override most of this data on the paysheet, depending on how you define it in the Earnings table.