Set Up Profit Sharing

As a Payroll Administrator, you need to set up the profit sharing processing in your organization.

Complete the tasks as shown in this table:

Task Name	Sub Tasks
Initialize or Adjust Profit Sharing balances: Mexico Profit Sharing statutory balance Eligible Compensation for Profit Sharing Eligible Worked Days for Profit Sharing Balance Dimension: Relationship NoCB Year to Date	Select the appropriate scenario according to the Balance Initialization and Adjustment chapter.
Ensure that those profit sharing eligible earnings have been set with the appropriate subclassifications (Days and Earnings)	If you need to add the subclassification to an existing earning: Navigate to Payroll -> Elements Enter a query for your element name Click Subclassification Rules node. Enter the appropriate subclassification Click Save.
Create Profit Sharing elements	Navigate to Payroll -> Elements Select primary classification as Supplemental Earnings Select the secondary classification Profit Sharing.