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Ability to transfer payroll balances during the Local and Global Transfer process
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With the new 20B upgrade, there is additional functionality available during the global transfer transactions in order to make this process more fluid for HR professionals. However, one of the components that is not included in the newest release and that is proving to be a major pain point at many organizations is the ability to transfer payroll balances if these transfers happen during the middle of the year. For example, an employee's contributions to their FSA, HSA, or 401K accounts should be able to be transferred during a global transfer to prevent the employee from over-contribution.
There does not seem to be any easy way to do this currently within the product outside of either manually entering the balance information to the new legal entity or using an informational element on the payroll side to capture the YTD balances. Both of these methods seem more tedious and less efficient than having the ability to just transfer the balances as part of the global transfer process.