Types of Off-Cycle Transactions
The four types of off-cycle transactions are:
-
Manual payments
Manual payments enable you to enter payments that you have calculated and paid outside of the payroll system. An example is paying a new hire with a manual check because their pay details were not entered in time for the normal pay run.
-
Corrections
Corrections enable you to correct results of any finalized payroll. An example is reversing a sick leave payment when workers compensation should have been paid.
-
Unscheduled payments
Unscheduled payments enables you to enter one-time payments that fall outside the normal payroll process. Examples include one-time bonuses or expense reimbursement.
-
Advances
Advances enables you to pay payees before their normally scheduled pay run. An example is salary due on termination.