Balance Adjustment Examples
Here are some examples to describe the balance adjustments for fiscal year 2021 profit sharing calculation for most common customer scenarios.
One Payroll Relationship (Go-Live Date: Jan 1, 2021)
In this scenario, there is one payroll relationship PSU A, and the employee hire date is before 2018.
The details for the balance adjustment are as follows:
| BALANCE DIMENSION | BALANCE | PERIOD VALUES | ADJUSTMENT DATE |
|---|---|---|---|
|
PSU A Relationship NoCB Year to Date |
Mexico Profit Sharing statutory balance |
Jan 1 – Dec 31, 2018 |
As of Dec 31, 2019 |
|
Jan 1 – Dec 31, 2019 |
As of Dec 31, 2020 |
||
|
Jan 1 – Dec 31, 2020 |
As of Dec 31, 2021 |
One Payroll Relationship (Go-Live Date: Jan 1, 2022)
In this scenario, there is one payroll relationship PSU A, and the employee hire date is before 2018.
The details for the balance adjustment are as follows:
| BALANCE DIMENSION | BALANCE | PERIOD VALUES | ADJUSTMENT DATE |
|---|---|---|---|
|
PSU A Relationship NoCB Year to Date |
Mexico Profit Sharing statutory balance |
Jan 1 – Dec 31, 2018 |
As of Dec 31, 2019 |
|
Jan 1 – Dec 31, 2019 |
As of Dec 31, 2020 |
||
|
Jan 1 – Dec 31, 2020 |
As of Dec 31, 2021 |
||
|
Eligible Compensation for Profit Sharing |
Jan 1 – Dec 31, 2021 |
As of Dec 31, 2021 |
|
|
Eligible Worked Days for Profit Sharing |
Jan 1 – Dec 31, 2021 |
As of Dec 31, 2021 |
One Payroll Relationship (Mid-Year Go-Live Date)
In this scenario, there is one payroll relationship PSU A, and the employee hire date is before 2018.
The go-live date is March 1, 2022
| BALANCE DIMENSION | BALANCE | PERIOD VALUES | ADJUSTMENT DATE |
|---|---|---|---|
|
PSU A Relationship NoCB Year to Date |
Mexico Profit Sharing statutory balance |
Jan 1 – Dec 31, 2018 |
As of Dec 31, 2019 |
|
Jan 1 – Dec 31, 2019 |
As of Dec 31, 2020 |
||
|
Jan 1 – Dec 31, 2010 |
As of Dec 31, 2021 |
||
|
Eligible Compensation for Profit Sharing |
Jan 1 – Dec 31, 2021 |
As of Dec 31, 2021 |
|
|
Jan 1 – Feb 28, 2022 |
As of Feb 28, 2022 |
||
|
Eligible Worked Days for Profit Sharing |
Jan 1 – Dec 31, 2021 |
As of Dec 31, 2021 |
|
|
Jan 1 – Feb 28, 2022 |
As of Feb 28, 2022 |
Employee Transfer (Go-Live Date: Jan 1, 2022)
In this scenario, there are 2 payroll relationships PSU A and PSU B.
-
PSU A: Start Date: Before 2018 and End Date: Jun 30, 2021.
-
PSU B: Start Date: July 1, 2021 and End Date: No date (Active)
| BALANCE DIMENSION | BALANCE | PERIOD VALUES | ADJUSTMENT DATE |
|---|---|---|---|
|
PSU A Relationship NoCB Year to Date |
Mexico Profit Sharing statutory balance |
Jan 1 – Dec 31, 2018 |
As of Dec 31, 2019 |
|
Jan 1 – Dec 31, 2019 |
As of Dec 31, 2020 |
||
|
Jan 1 – Dec 31, 2020 |
As of Dec 31, 2021 |
||
|
Eligible Compensation for Profit Sharing |
Jan 1 – Jun 30, 2021 |
As of Jun 30, 2021 |
|
|
Eligible Worked Days for Profit Sharing |
Jan 1 – Jun 30, 2021 |
As of Jun 30, 2021 |
|
|
PSU B Relationship NoCB Year to Date |
Eligible Compensation for Profit Sharing |
Jul 1 – Dec 31, 2021 |
As of Dec 31, 2021 |
|
Eligible Worked Days for Profit Sharing |
Jul 1 – Dec 31, 2021 |
As of Dec 31, 2021 |
Employee Transfer (Mid-Year Go-Live Date)
In the scenario, there are two payroll relationships PSU A and PSU B.
-
Go-Live Date is March 1, 2022
-
Payroll relationship: PSU A - Start Date: Before 2018 and End Date: Jun 30, 2021
-
Payroll relationship: PSU B - Start Date: July 1, 2021 and End Date: No date (Active).
| BALANCE DIMENSION | BALANCE | PERIOD VALUES | ADJUSTMENT DATE |
|---|---|---|---|
|
PSU A Relationship NoCB Year to Date |
Mexico Profit Sharing statutory balance |
Jan 1 – Dec 31, 2018 |
As of Dec 31, 2019 |
|
Jan 1 – Dec 31, 2019 |
As of Dec 31, 2020 |
||
|
Jan 1 – Dec 31, 2020 |
As of Dec 31, 2021 |
||
|
Eligible Compensation for Profit Sharing |
Jan 1 – Jun 30, 2021 |
As of Jun 30, 2021 |
|
|
Eligible Worked Days for Profit Sharing |
Jan 1 – Jun 30, 2021 |
As of Jun 30, 2021 |
|
|
PSU B Relationship NoCB Year to Date |
Eligible Compensation for Profit Sharing |
Jul 1 – Dec 31, 2021 |
As of Dec 31, 2021 |
|
Jan 1 – Feb 28, 2022 |
As of Feb 28, 2022 |
||
|
Eligible Worked Days for Profit Sharing |
Jul 1 – Dec 31, 2021 |
As of Dec 31, 2021 |
|
|
Jan 1 – Feb 28, 2022 |
As of Feb 28, 2022 |