Functions of Process Lists
Process lists control payroll processing at the highest level. They perform three basic functions:
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Identify the sections, or sets of elements, to resolve during the payroll process and the order in which they resolve.
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Identify the gross and net pay accumulators for the payroll process.
The banking process determines net pay by referencing the net pay accumulator.
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Specify whether the process applies to absence or payroll processing.
They're very similar, but some differences occur during retroactive processing.