Calculating allowance payouts

Use this procedure to create payout records to import to payroll for resource records without allowances. You can create allowance payout records in Pending or Finalized status.

Allowances with start and end dates that are within the current pay cycle are automatically included when the Calculate Payouts action is run.

Select Compensation > Pay Rate Processing > Allowances > Calculate Payouts.
Specify this information:

Payout Frequency

Select the payout frequency. Only the allowances that contain this payout frequency are processed. To use multiple payout frequencies, run this action for each payout frequency.

Create With Payout Status

Select Pending to create records in pending status. To finalize them, select Compensation > Pay Rate Processing > Allowances > Maintain Payouts before they are imported to payroll.

Select Finalized to create records in finalized status. Finalized records are ready to import to payroll. To view them, select the Finalized tab on the Maintain Payouts page.

Time Record Date Override

To create a time record, specify a date. If this field is blank, then the current date is used.

This date can be changed until the time record is finalized. After finalizing the payout, the time record date override can be updated, but the time record must be manually updated to match the allowance date.
Click Submit to create the records immediately.

Click Schedule to create a schedule to run this action on a regular basis, for example, to coincide with a payroll run.
Select Compensation > Pay Rate Processing > Allowances > Maintain Payouts to view the records that were created by this action.