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Processing final payroll for exempt employee
What is the standard process for processing a final paycheck for an exempt employee? I am supporting a client whose users don't have a standard process for terminations or employees going on LOA for exempt employees. Some users use the regular recurring salary element for the amount, and some use an element for both the hours and the amount. This causes the earnings statement and YTD amounts to be incorrect. They do final paychecks with a Quick Pay.
How do the termination options on the elements affect the final paycheck -- Actual Termination, Final Close, and Last Standard Process?
Thank you.