Calculate Regular Payroll

Overview

Payroll managers use the Calculate Regular Payroll application to determine the employees pay based on the Fiscal Year, Pay Code, Pay Period, and the chosen Institutions. Fiscal Year is a fundamental component of FreeBalance Accountability Platform. Budgets are created per fiscal year, transactions are posted for a particular fiscal year, reports are generated by fiscal year, analysis is performed comparing results from fiscal year to fiscal year and so on, etc. A fiscal year may not correspond to a calendar year. Pay Code allows every employee to have a specified time when he or she will get paid.  This selected schedule of pay depends on the pay details associated with the employee position and the institution where he/she works (i.e. Ministry of Transportation).

 

Navigation

Payroll Management ► Payroll Transaction Processing ► Payroll Calculation ► Calculate Regular Payroll

 

Calculate Regular Payroll screen Fields

Field

Description

Fiscal Year

 Fiscal Year of the Payroll Calculation.

Pay Code

 Pay Code associated to the Payroll Calculation.

Pay Period

 Pay Period of the Payroll Calculation.

Employee

 Employee for which Payroll Calculation is performed.

Institutions

 Identifies which organization the payroll is based on or being calculated for (i.e., Ministry of Finance).