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). |