Apply Iterative Calculation Enhancements to Your Pretax Deductions
This example assumes you're using existing pretax and involuntary deduction elements that you have defined prior to Release 18C and you have never upgraded them.
To take advantage of the new iterative calculation enhancements, you must upgrade any existing elements of these types.
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Select pretax deductions
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All involuntary deductions
For this example, Company ABC decides to upgrade their 401 (k) pretax elements to use iterative calculations. Company ABC has already updated the default payroll process configuration group to set the date used for the Element Upgrade flow to 2018-12-01.
Upgrade the Elements
Perform these steps in your test environment.
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Run the flow in Draft mode.
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Start the Element Upgrade flow.
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Enter the following.
Parameter name
What you enter
Mode
Draft
Primary Classification
Pretax Deductions
Secondary Classification
Deferred Compensation 401k
Enable Feature
Iteration on Pretax Element
Element Name
Leave blank
Formula Upgrade Option
Display All Formulas
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Review the output of the report. Ensure the pretax elements you want to upgrade are showing on the report.
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If you're satisfied with the proposed changes, run it again in Final mode.
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Start the flow.
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Enter the following.
Parameter name
What you enter
Mode
Final
Primary Classification
Pretax Deductions
Secondary Classification
Deferred Compensation 401k
Enable Feature
Iteration on Pretax Element
Element Name
Leave blank
Formula Upgrade Option
Override the Existing Formula
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Review the output of the report. Ensure the pretax elements you want to upgrade are showing on the report.
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Repeat these steps for every applicable pretax secondary classification.
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Compile the elements' fast formulas.
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Start the Compile Formula flow.
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Enter % as the formula and Oracle Payroll as the formula type.
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Optionally enable your involuntary deductions to work with the pretax elements enabled for iterative functionality.
For further info, see Manually Upgrade Involuntary Deductions for Use with Pretax Iteration in the Help Center.
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Run payroll, and verify the results.
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After you have tested each pretax iteration scenario and ensured they process correctly in payroll, repeat these steps in your production environment.
Note:After you have performed these steps for each element, you don't need to perform them again in the applicable environment, even if you later decide to upgrade other pretax secondary classifications.