Types of Off-Cycle Transactions
The four types of off-cycle transactions are:
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Manual payments
Manual payments enable you to enter payments that you have calculated and paid outside of the payroll system. Examples include paying a new hire with a manual check because his or her pay details were not entered in time for the normal pay run.
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Corrections
Corrections enable you to correct results of any finalized payroll. Examples include recalculation due to a sickness not entered in the system on time or unpaid overtime.
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Additional payments
Additional payments enable you to enter onetime payments that fall outside the normal payroll process. Examples include onetime bonuses and expense reimbursement.
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Advances
Advances enable you to pay payees before their normally scheduled pay run. Examples include salary due on termination.