Bringing employee hours and rates into Oracle Payroll
Date: Mon, 14 Jun 1999 10:28:35 -0400
From: Rangaraju_Krishna@tmac.com
Subject: Bringing employee hours and rates into Oracle Payroll ....
Hi Folks:
We are planning to implement Oracle HRMS. We have a requirement of calculating
employee's weekly rate based on his/her salary. That is the "rate" changes based
on the hours submitted for that particular week (though the employee's salary
remains same).
The issue is we want to bring both "hours" and "rate" from our external system
into Oracle HRMS and pay from Payroll process.
I want to know if any one worked on similar projects. If so, can you please
answer
the following questions:
1. which table(s) I need to populate for "Hours" and "Rate"
2. Which way I need to define the employee? (as a "Regular Salaried" or "Regular
Wages" )
3. Do you need to write any "Fast Formulas"?.
Any suggestions or comments are greatly appreciated...
Thanks
Krishna
Date: Mon, 14 Jun 1999 10:31:47 -0500
From: "Ken Conway" ken.conway@bosscorporation.com
Subject: Re: Bringing employee hours and rates into Oracle Payroll ....
Krishna:
1. You need to populate the PayMIX tables PAY_PDT_BATCH_HEADERS,
PAY_PDT_BATCH_LINES, and PAY_PDT_BATCH_CHECKS. You will likely need to use
the element "Time Entry Wages". You do not have to supply a value to the
"Rate" field unless the hourly rate for a particular time card is different
than the employee's normal rate as established through Salary
Administration.
2. The employee will need a salary basis of Hourly Salaried which, in turn,
implies that Regular Wages will be the Recurring Element of choice.
3. No Fast Formulas are necessary for overriding the rate of pay for a time
card. This is quite common to accomplish this through PayMIX.
Hope the helps,
Ken
Ken Conway
BOSS Corporation
Better Organization Service Solutions
214-495-7654 (Voice)
214-495-7653 (Fax)
770-622-5500 (Headquarters)
Email: ken.conway@bosscorporation.com
http://www.bosscorporation.com
Change leave status automatically
From: Bijus@mashreqbank.com
To: orahrms-l@mail-list.com
Subject: [orahrms-l]
Date: Sun, 20 Jun 1999 17:46:57 +0400
Can I change the Employee status automatically? For instance, when an
employee goes on annual vaccation, on the start day can an automatic process
change the status to 'ON LEAVE'?
Any feedback would be greatly appreciated.
Thanks & Regards,
Biju Sebastian
Total Time Accounting/Effective Rate
Date: Tue, 22 Jun 1999 09:46:06 -0400
From: Palazzola_Paul@tmac.com
Subject: Total Time Accounting/Effective Rate
Hello,
We are in the process of implementing Oracle HR and Payroll. Oracle projects has
been in production for 1 1/2 years. Since we are in the early stages of
implementing, we are have encountered a problem more unique to our industry,
Government contracting.
We need to be able to calculate an effective rate for every payroll run
(biweekly). In other words, all projects are costed based on the number of hours
charged on a biweekly basis. Exempt employees are paid the same amount every two
weeks. However, an employee may work more hours than in an ordinary work week.
His or her hours are recalculated every two weeks to give projects a new hourly
rate.
We have several options available to us but we are unsure of which course to
take. Do we recalculate the effective rate before entering into Projects or do
we transfer the effective rate back from payroll to projects.
We have a custom web based timesheet that interfaces with Oracle Projects. It
has been suggested that put the costed rates into Projects and send only hours
to payroll.
Are there any solutions out there?
Thanks,
Paul
Date: Tue, 22 Jun 1999 11:31:21 -0500
From: Oracle - Kathy Farmer oracleadmin@co.scott.mn.us
Subject: RE: Total Time Accounting/Effective Rate
Hi Paul,
We looked at your TMAC product last year as possible solution to our time
entry needs, including projects. We decided to go forward with our own
development, primarily because of a requirement to feed costed payroll data
and hours into both Oracle projects AND a legacy project accounting system.
I can tell you that what we are doing is writing all the time entry data -
pay types, hours, projects, etc. to a table. We will then process the
payroll-related time card data as a unit of work into Oracle Payroll, not
using Paymix, but Element entry to calculate the pay.
Our interface to Oracle projects and our legacy project accounting system
will be done by processing this same unit of work to the interface table,
also pulling the actual costed payroll data from Oracle payroll for each
line as the interface table is populated.
Of course, this is mostly in theory right now as we are still in
development!
Good luck to you.
Kathy Farmer
Project Manager
Scott County
Change last day of pay week
Date: Tue, 29 Jun 1999 11:35:05 -0400
From: Terry Toms ttoms@FAMILYDOLLAR.com
We are currently running Oracle 10.7NCA HRMS Release 16.1
Our current payroll runs as follows:
We run a bi-weekly payroll and Wednesday is the last day of the pay week.
The proposed change is as follows:
Modify the process so as to have Saturday as the last day of the payroll
week instead of Wednesday.
Concerns:
Within the Oracle process/Legal requirements, the necessary steps to
accomplish this relative to overtime rules, benefits, etc. during the
cutover period.
Any input on how to accomplish this change successfully would be
appreciated.
Thanks,
Terry Toms
Applications System Administrator
Family Dollar Stores
704-847-6961 Ext 4442
email: ttoms@familydollar.com
Absence types
From: Bijus@mashreqbank.com
To: orahrms-l@mail-list.com
Subject: [orahrms-l]
Date: Sun, 20 Jun 1999 17:48:44 +0400
If i'm using the absence types, how will i run the entries? will i have to
wait till the payroll day to see the effect of the leave? Is there any way
to run only these elements seperately?
Any feedback would be greatly appreciated.
Thanks & Regards,
Biju Sebastian
API Time Entry Reversal
From: "Michael Scott" mscott@goodegg.com
To: OraHRMS-L@mail-list.com
Date: Wed, 30 Jun 1999 10:42:22 -0400
Subject: [orahrms-l] API TIME ENTRY REVERSAL
Does anyone know what needs to be populated delete_date_track_mode field
for the
py_element_entry_api.delete_element_entry.
Michael Scott
From: pkandra@civicdevelopment.com
To: mscott@goodegg.com, OraHRMS-L@mail-list.com
Subject: RE: [orahrms-l] API TIME ENTRY REVERSAL
Date: Wed, 30 Jun 1999 11:06:52 -0400
Michael,
p_datetrack_delete_mode should be:
Value:----------------- Use To:
-----------------------------------------------------------
ZAP---------------------- Completely remove from the database
DELETE----------------- Set end date to effective end date
FUTURE_CHANGE--- Remove all scheduled changes
DELETE_NEXT_CHANGE----- Remove next change
There is an excellent Word document on MetaLink about API's (I forget the
name)
Peter Kandra
Civic Development Group
(888) 800-7637 x2518
X-Lotus-FromDomain: PRIMA CONSULTING@PRIMAWEB
From: "Bob Cody" Bob_Cody@norstanconsult.com
To: mscott@goodegg.com
cc: OraHRMS-L@mail-list.com
Date: Wed, 30 Jun 1999 11:26:51 -0400
Subject: Re: [orahrms-l] API TIME ENTRY REVERSAL
Michael,
The possible modes are:
'DELETE_NEXT_CHANGE'
-deletes the record directly following the p_effective_end_date you passed
in.
'FUTURE_CHANGE'
-deletes all records greater than p_the effective_start_date you passed in
'DELETE'
-deletes all records greater than the p_effective_date passed in
'ZAP'
-no questions asked, deletes all for the p_element_entry_id passed in
Bob Cody
bob_cody@norstanconsult.com
Adjustment of advance on commission
From: pkandra@civicdevelopment.com
To: OraHRMS-L@mail-list.com
Date: Fri, 18 Jun 1999 08:05:07 -0400
Subject: [orahrms-l] Draw and Commission Elements
We have several employees receiving an earnings element called Draw as an
advance on commission. Our payroll staff is looking for a way to
automatically deduct this amount when the employee does receives commission.
Any ideas or suggestion are welcome.
Thanks,
Peter Kandra
Civic Development Group
(888) 800-7637 x2518
From: "Govindarajan, Ravi" RGovinda@USChamber.com
Subject: RE: [orahrms-l] Draw and Commission Elements
Date: Fri, 18 Jun 1999 09:07:18 -0400
I had a similar scenario. In our case the commission data comes from an external system (Sales Comp). Every time they (SC) calculate the commission they query into Payroll tables for the "Draw" amount paid to employees. If any $ is paid it will be deducted from the commission and pass it to the CN_PAYMENTS_API (Oracle SC/Payroll interface table). Payroll takes it from there and using Paymix the data moves to the specific Payroll period. This way we avoided any deduction process in Payroll. As an alternative to this we also looked into creating a deduction element which can be linked to employees. Using Fast Formula for Commission element the "Draw" can be deducted during the payroll run. This way you can keep tack of the $ amount deducted with in Payroll. You can look into both ways. Good luck.
By the way our Sales Comp is custom built.
Ravi G.
Cap Gemini
ragovind@usa.capgemini.com
From: Bijus@mashreqbank.com
Cc: pkandra@civicdevelopment.com
Subject: RE: [orahrms-l] Draw and Commission Elements
Date: Fri, 18 Jun 1999 19:36:35 +0400
Define the following elements
1. Advance on commission ( the one you mentioned) Earning/Direct/Multiple
entry allowed (it depends on the policy of you company)
Keep an ITD balance against this element (ADD)
2. Commission Earning/Direct/Multiple entry allowed - this will record the
actual commission. Kick off another element called
Deduction on Commission due to Advance (Indirect), which will go and check
the above mentioned balance and make deduction against commission.
Hope it's clear to you.
Regards
Biju Sebastian
Vacation pay paid in advance
Date: Fri, 18 Jun 1999 06:04:43 -0700 (PDT)
From: Robert Lawton zero_consultants@yahoo.com
To: OraHRMS-L@mail-list.com
Subject: [orahrms-l] How to best handle vacation pay
Wondered if any of you had suggestions on how best to
handle vacation pay paid in advance.
My client runs a weekly payroll. The employees are
paid a week behind, ie. work week 1 paid week 2.
Vacations are paid in advance before the vacation is
taken.
A number of deductions have frequency rules which
dictate the weeks in the month that they are taken,
eg. week 1 take union dues, week 2 life insurance,
week 3 medical, etc.
I've come up with three different ways to process
vacation pay, each with issues, as follows:
- vacation as supplemental run in current week -
deduction frequency rules then don't kick in for the
future week as the pay period is for current week.
- run pay in actual weeks vacation taken by date
tracking - this makes deduction frequency rules work,
but then when you run real payroll for that week
deposit advices print for vacation employee even
though they've already received one, also issue as
employee will be working week before vacation and
should get paid the next week (1st week of vacation).
Oracle won't process as future payrolls exist
- quickpay vacation weeks to obtain net, roll back
quickpay, and pay as +ve net advance in current week
and -ve net advance in vacation week - causes a lot of
work for payroll but works
Any suggestions or alternatives would be appreciated.
Robert.
From: Bijus@mashreqbank.com
Cc: zero_consultants@yahoo.com
Subject: RE: [orahrms-l] How to best handle vacation pay
Date: Fri, 18 Jun 1999 19:44:59 +0400
i'm giving you a common std solution pls customise accordingto yr need
Case 1
Suppose u have monthly payroll and the current date is june 10. you want to
make an advance pay for the period of june 20 to Aug 10.
steps
1 make payroll run for june with different assignment set
2 advance pay element balance should have value of pay for July and Aug 1-10
3 run normal payroll on the normal payroll day to deduct any if during the
period june 10-20 (say on 30th)
4 make deduction on the july payroll and update advance pay balance
5 do the same step in aug also and make the remaining amount payable
Hope it's clear
Regards
Biju Sebastian
Refunding School District Taxes
From: Pat Keeley PKeeley@amctheatres.com
To: "'HRMS List Service'" OraHRMS-L@mail-list.com
Date: Wed, 23 Jun 1999 08:33:19 -0500
Subject: [orahrms-l] Refunding School District Taxes
Has anyone been able to correctly refund a School Dist. Tax when an employee
is setup in the wrong location. I can get the taxes refunded but I can't
get them to the correct jurisdiction. I can't figure a way to get the
school code into the element.
I would appreciate any help.
Pat Keeley
Unpaid hours
Date: Tue, 20 Jul 1999 14:26:06 -0500
From: "Sharma, Atul (Oracle Financial)" asharma@sigeco.com
To: "'OraApps-L@cpa.qc.ca'" OraApps-L@cpa.qc.ca
Subject: UNPAID HOURS
Hi All
I am making report on Payroll & I need to know where I can get information
about Unpaid hours like.
1. UNPAID SICK HOURS.
2. UNPAID EXCUSED ABSENCE
3. UNPAID WORK COMPENSATION.
4. UNPAID NON EXCUSED ABSENCE.
We have defined Element for each unpaid.
Thanks alot.
Atul
Atul Sharma
Phone: 812 464 4780 (Off)
Tables for current salary
Lewis
At 02:01 PM 1/26/99 , you wrote:
Hello All,
Thanks for your help on the Pay basis question I posted earlier.
I have one more question as it relates to salaries.
What table in the HR schema holds the current salary
for an employee. If someone can point me to the table that holds
the salary values I can handle the joins to HR.PER_ASSIGNMENTS_F
Thanks again everyone.
Date: Fri, 23 Jul 1999 12:32:10 -0400
From: John Sweeney jsweeney@goaa.org
Subject: Joining HR tables on Business Group
We are running Oracle Apps 10.7 SC161 on RDBMS 8.0.5. on Sun Solaris
platform.
In reference to your response below about the latest approved salary from
per_pay_proposals table, which field do I use to filter for the latest
salary...one of the date fields? If I use one of the date fields, do I use
the max parameter to get only the record for the latest approved salary for
each employee?
One other critical question:
To do some reporting (via Discoverer 3.1.36) that includes paycheck and
benefit information by employee, we are attempting to join several tables to
the HR_Organization_Unit table. The problem we are having is that some of
these tables can only be joined to the HR_Organization_Unit table using the
Business Group ID field
HR.Organization_ID -- other_table.Business_Group_ID). Since we are only
using one business group for our entire organization, the joins between
these tables are allowed but they create thousands of records (bogus
records). Each record in the tables is joining to each and every record in
the HR_Organization_unit table since the records do not have unique business
group associated with them. Is there an other way to join these tables
(other than the traditional join methods) or do we have to bite the bullet
and populate a unique business group for each employee?
You can pick up the latest approved salary from per_pay_proposals or from
the regular salary (or regular wages depending on pay_basis) entry in the
element table (pay_element_entries?).
Date: Fri, 23 Jul 1999 11:57:29 -0500
From: "Ken Conway" ken.conway@bosscorporation.com
Subject: Re: Joining HR tables on Business Group
John:
I would be careful about using the maximum date for a salary approval. Does
your organization create future dated salaries? If so, then you might
accidentally query the salary for a future date which is scheduled to go
into effect but is not currently effective.
Also, you probably will want to query only salaries that are approved.
Depending on how your organization administers Salary Administration, there
may be salary proposal records in the database that are not approved.
Hope this helps,
Ken
Ken Conway
BOSS Corporation
Better Organization Service Solutions
(214) 495-7654 voice
(214) 495-7543 fax
(770) 622-5500 Headquarters
Time and Expense issues
Date: Wed, 28 Jul 1999 09:15:14 CDT
From: "S Tamane" stamane@hotmail.com
Subject: Time and Expense Issues
Hello All,
We are having following problems with Time and Expenses.
1. Time and Expense Copy function is not working properly. When users use
the copy function the system erroneously deletes all data in the Friday
Column upon submission. (I found a resolution to this by modifying
PAXTRCPB.pls and it worked)
2. Time and Expense report expenditure types are being inappropriately
associated. Meaning, expense report expenditure types are appearing on
timecareds and vice versa. This is happening when the end users use the
windows task bar to navigate to prior opened screens and begins a new time
or expense report on top of an already open report.
3. When exact duplicate rows are entered into the time and expense form the
records are not printing properly while the report is in a working status.
4. Cost rate for mileage is not displaying properly in the time and expense
report form after the time and or expense report has been submitted.
5. Hot Keys/Aliases feature is not working properly.
We are working with Oracle Support, on getting these issues resolved. But
would like to see, if any of you has found a work around and/or any
resolution to any of the above problems, please email me directly
stamane@hotmail.com
Thanx in advance.
Sameer..
Date: Wed, 28 Jul 1999 13:10:04 -0400
From: Tom Marcoux tom.marcoux@frb.gov
Subject: RE: Time and Expense Issues
Sameer,
I only have experience with Time Entry; we don't use Expense Reports. Also,
you
didn't mention your platform or patch level. So, these remarks may not be
helpful to you.
1. In versions prior to PA.D, the column for the 6th day in the expenditure
period was not being initialized properly. This was an undocumented fix in
PA.D. I'm on PA.H and haven't experienced a regression.
2. You'll be hard pressed to solve this problem through Outside(Oracle)
Support. Perhaps, your users can trained to use better navigation methods.
It
seems that they would have an interest in learning better navigation methods
so
that they won't have to re-enter rejected expenditure reports or timecards.
3. Not sure whether this is for Expense Reports or Time Entry or both. I
don't
have any problem with this in Time Entry. Sounds like the latest patchset
hasn't
been applied.
5. Not sure what you mean by "properly". This function is not implemented
in a
user friendly way. I've found that users have difficulty mastering it. Our
preference has been to rely on copying timecards as a template. If you're
on
10.7, I wouldn't expect Oracle Developers to spend any time on
improving/re-writing this feature.
Good Luck,
Tom
Tom Marcoux
Federal Reserve Board
Outsourcing Savings Bond purchase process
Subject: [orahrms-l] Payroll: Outsourcing Savings Bond Purchase Process
From: "Gregory A. Clark" GACLARK@us.oracle.com
Date: 04 Feb 99 07:59:49 -0800
I've heard a number of positive comments about National Bond & Trust Company,
Inc. (NBT) as a reliable organization for outsourcing the savings bond
purchase process.
Their web site is http://www.nbtco.com and claim that all a client needs to do
is:
1. Forward master file of employee bond related information.
2. Deduct the fund, then forward the register and total amount deducted to NTB
NTB will handle the rest of the details. The partial list of NBT's clients
looks pretty impressive. Does anyone have any experience with NTB that they
care to comment on?
Regards,
Greg
To: "'gaclark@us.oracle.com'" gaclark@us.oracle.com, orahrms-l@mail-list.com
Subject: RE: [orahrms-l] Payroll: Outsourcing Savings Bond Purchase Process
From: "Harrell, Katrina" KHarrell@turbineengine.textron.com
Date: Fri, 5 Feb 1999 09:24:46 -0500
We have just switched from handling all of our own bonds directly with the
Federal Reserve Bank to letting NBT handle them. We have been on the
program for almost a year. The biggest problem we have had so far has been
with them calling and saying they never got some of our files (we send them
weekly). This is not possible, because we send the files all with one
email, and we get receipt back that they received them. Then they call and
claim they didn't get one or two files. We usually just send them again, so
it isn't a big deal, it just makes me question their dependability. So far,
we haven't had any complaints from employees. A real timesaver for us has
been that the employees call NBT directly to ask about the status of any
bonds not received. A warning, though, they have some type of insurance
that they try to sell to the employees. Make sure your employees know that
they are NOT required to buy this insurance, and it in no way affects your
company positively or negatively. If anyone has any specific questions,
I'll be glad to answer what I can.
Katrina Harrell
Manager, Financial Services
TEC Textron
OTM does not reflect change
From: "Jarnutowski, George J." JarnGJ@jea.com
To: OraHRMS-L@mail-list.com
Cc: kfain@us.oracle.com, "Hawkins, Toni M." HawkAM@jea.com
Date: Fri, 2 Jul 1999 07:46:48 -0400
Subject: [orahrms-l] PayMix
Hello All,
Our company is using HR 10.7 SC.
Have a need to change the Status of PayMix Batch from "TRANSFERRED" to
Validate so I can move OTM back into hold status (using its rollback). The
reason for this is that when our employees forget to get there time in
correctly and we do QuickPay or Retry's our OTM time does not reflect the
changes.
Any Suggestions?
Hey Patty...
Deferred compensation
Subject: [orahrms-l] Deferred Compensation
From: jowsley@usmarine.com
Date: Tue, 16 Feb 1999 08:47:15 -0800
I am trying to set up an element for a particular deferred compensation.
The idea is to allow some employees to make a pre-tax deferral of a portion
of a particular bonus. I want the element to process on a supplemental run
and only reduce that bonus.
We are having much difficulty achieving this. The element will only
process on the regular run and will only reduce regular salary. I've tried
manipulating the balance feeds and also tried modifying the fast formula
with out any luck.
Part of the problem may be processing priority but I'm not sure. Does
anyone have any ideas?
Subject: [orahrms-l] Fw: [orahrms-l] Deferred Compensation
From: "William C.Stratton" bstratton@sprynet.com
Date: Tue, 16 Feb 1999 13:11:50 -0500
If I understand the requirement, an individual will receive a bonus and can
elect to defer a portion of it. One way to solve this is to create the
element as a supplemental earning (flat amount), add an input value to
capture the deferral amount (either percentage or flat amount), modify the
formula to calculate the deferred amount, pass this result to a pre-tax
deduction, similar to a 401k. This would reduce your taxable income and
capture the total deferred amount in a separate pre-tax deduction balance.
Hope this helps.
Bill Stratton
BOSS Corporation
Subject: Re: [orahrms-l] Deferred Compensation
From: "Michael Auquier" mauquier@sprynet.com
Date: Tue, 16 Feb 1999 14:08:08 -0500
Try using element sets to control which elements are processed in a given
run. You can create a set that includes only those earnings and deductions
that you wish to include in your supplemental run. Be sure that your
deduction element was defined to be included in all runs (not just regular).
You can control the earnings value that the deduction is based upon within
its fast formula. In the in the deduction amount calculation, simply
reference a balance that was created with only the feeds you require. I
hope this is helpful.
Regards,
Mike Auquier
BOSS Corporation
Subject: [orahrms-l] Re: Deferred Compensation
From: "Gregory A. Clark" GACLARK@us.oracle.com
Date: 16 Feb 99 14:10:12 -0800
If the original question was merely addressing the processing of a percentage
amount for 401k deferral then ignore this solution. If the question pertains
to a "special" employer payout option or plan to accommodate employee income
tax planning for earnings received such as a bonus or severance package then I
would approach the task this way:
Assumption:
What we are essentially taking about are multiple earnings elements with
unique Tax Withholding Rules that are being referred to collectively as a
bonus.
Solution:
I would defined two Supplemental Earnings elements and one Imputed Earnings
element called:
1. Bonus
This is the element which will hold the amount that is subject to the
withholding for supplemental earnings at all jurisdiction levels. Its Tax
Category under the Tax Withholding Rules most likely will be the seeded value
"Bonus".
2. Bonus Def Cur
This is the element which will hold the amount that is deferred. This element
should be defined as an imputed earnings since the employee will not be
receiving this amount (no constructive receipt) in the current year. Most
likely the amount will only be deferred from FIT withholding but still subject
to SS and Medicare...please verify. Remember that Tax Withhold Rules are
defined at the Tax Category level within the element Primary Classification.
You are able to define additional tax categories for Imputed Earning because
QuickCode US_IMPUTED_EARNINGS has an access level which is extensible. Uncheck
any taxes which this earnings element is not subject to, i.e. deferred, and
define the element using this category.
3. Bonus Recognized
This is the element which will hold the amount that was deferred in a prior
year but is now recognized and is subject to the specific previously deferred
tax. Again, you will need defined an additional tax category for Supplemental
Earnings (QuickCode US_SUPPLEMENTAL_EARNINGS) which makes this earnings
element only subject to the specific taxes that were originally deferred in
the prior year.
Example:
In 1998 John received a bonus from his employer for $10,000. His employer gave
John the option of deferring all or a portion of this amount. He elected to
defer 50% or $5000 [from FIT in the current year] from taxes.
Supplemental earnings "Bonus" is processed for $5000 in 1998 and John receives
a check for amount less 28% withholding for FIT, 1.45% withholding for
Medicare, and 6.2% withholding for SS (if his SS taxable base is less than
$68,400).
Imputed earnings "Bonus Deferred" is processed for $5000 in 1998 and
withholding for Medicare and withholding for SS if his SS taxable base is less
than $68,400 are taken. No FIT is withheld since this element was not subject
to FIT withholding based upon the defined Tax Withholding Rules. Check the Tax
Balance view for FIT to verify that this amount appears in the "Exempt" box
and not the "Subject" box. Make sure that is amount does not produce a check.
Supplemental earnings "Bonus Recognized" is processed for $5000 in 1999 and
John receives a check for the amount less 28% withholding for FIT that was
deferred in the prior year.
Why this approach?
All balances are handled by the application without the need for balance
adjustments or custom FastFormulas. A sufficient audit trail is produced. All
balances have been isolated for any special Form W2 reporting, if applicable.
You need to make sure that the employer's deferral policy complies with all
the tax current regulations. You need to define a policy to address and handle
an employee who terminates after a deferral but before constructive receipt of
all remaining bonus monies.
Tim or Denise (who are on the list but shall remain anonymous) did I miss
anything or make some false statements? Go ahead, discredit me in front of the
group!
Regards,
Greg