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PayCalc

PayCalc

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Published by Anamika Katiyar

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Published by: Anamika Katiyar on Jan 24, 2012
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02/17/2015

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PeopleSoft PAY CALCULATION PAY CALCULATION In PeopleSoft Payroll for North America, pay calculation is an iterative process .

You can run and rerun calculations repeatedly until you're confident that the payroll data is correct. Here are the basic steps: 1. Enter employee payroll information, create paysheets, and make updates and ad justments for the pay period. 2. (Optional) Identify and fix potential errors using the Pre-Calculation Audit report. 3. Run the Pay Calculation process. 4. Review calculation results and check for errors: Check payroll error messages online or print the Payroll Messages for Employees report; View the results of paycheck earnings, deductions, and taxes using the Paycheck pages and various st andard reports that you can print to verify the results of the pay calculation. 5. Make adjustments on the paysheets. 6. Repeat these steps until you're confident that the payroll data is correct, t hen confirm pay. The pay calculation processes all the information that you set up in the PeopleS oft HRMS and PeopleSoft Payroll for North America tables and at the employee lev el. It also processes the additional information provided on paysheets.

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