Updating the status of lump sum payout records

You can update lump sum payouts to reflect their current processing stage. In the Pending list, you can finalize, modify, or delete a record.

Select Maintenance.
Select Lump Sum Payouts.
In the Pending list, right-click the record to do these actions:

Finalize Payout

Moves the record to the Finalized list. For exception employees, the Allow Lump Sum value is updated from Yes to No, and the Last Payment Date is updated to prevent duplicate payouts.

Update

You can edit the Eligibility Date, Payment Date, Calculated Payout and Pay Code before finalizing the payout.

Delete

Removes the record from the Pending list.
In the Finalized list, right-click a record to perform any these actions:

Revert to Pending

Moves the record back to the Pending list. The original Allow Lump Sum value is restored for exception employees.

Update

You can edit the Eligibility Date, Payment Date, Calculated Payout and Pay Code before finalizing the payout.

Delete

Removes the record from the Finalized list. Deleted records do not revert to Pending.