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Capturing Future Dated Payments (such as Incentive Bonus) in previous year's TCS

edited Feb 5, 2021 9:51AM in Compensation 1 comment

Content

Hi All,

 

I'm working on Total Compensation Statement and I came across a requirement to handle future dated incentive bonus as part of previous year's Total Compensation Statement. I'm looking for your help and valuable suggestions to handle this scenario.

To give an overview, Organization XYZ would like to have Total Compensation Statement with Annual frequency. The duration for each cycle starts from 01-Jan-YYYY to 31-Dec-YYYY. In this case, Let's consider an example duration of 01-Jan-2020 to 31-Dec-2020. There is an incentive bonus for all/selected employees in the Month of March 2021. The TCS will be published after processing the Incentive Bonus in March 2021. However all the elements and items of the TCS must have the cut off date of 31-Dec-2020 whereas Incentive Bonus alone to be included from March 2021.

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