About contract balances
Contract balances are the amount of pay owed to an employee based on the employee contract agreement. As year-to-date amounts are paid out on the employee contract, balances are decremented to track the wages that an employee has yet to receive for base or supplemental assignments from the work start date to the end date.
Balances can be categorized into three types: remaining wage balance, reserve wage balance, and docked wage balance. This table shows how these balances differ:
Remaining wage balance | The amount that is left to be paid on the contract. |
Reserve wage balance | The amount of dollars the employee has in reserve. A positive value indicates that the employee is eligible to receive this pay. A negative value indicates that the employee was paid more then he has worked and must pay those dollars back. |
Docked wage balance | The amount to be deducted from the employee's potential earnings. |