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PR21.1 - Pay Plan
Use Pay Plan (PR21.1) to define and maintain pay plans that define pay
periods and work periods, and that meet FLSA and state requirements for
calculating
overtime, or collective bargaining agreement requirements.
Separate overtime plans are required for different work periods and
pay frequencies, and to accommodate other differences such as daily overtime
calculation, and fixed and fluctuating work periods for salaried employees.
Updated Files
PROTPAYPRD -
PROTWRKPRD -
PROVERTIME -
Referenced Files
PATHFIND -
PRPAYCODE -
PRSYSTEM -
PR21.2 - Pay Period Inquiry
Use Pay Period Inquiry (PR21.2) to view pay periods and work periods
created for pay plans.
**Processing Effect
When you first define a pay plan in PR21.1 (Pay Plan), the system creates
the first calendar year's pay periods and one pay period into the next
calendar
year, and the corresponding work periods. When you run PR999 (Payroll Year
End Close), the system creates the next calendar year's pay periods and work
periods.
Updated Files
None.
Referenced Files
PROTPAYPRD -
PROTWRKPRD -
PROVERTIME -
PRSYSTEM -
PR21.3 - Pay Period Standard Cost Hours
Use Pay Period Standard Cost Hours (PR21.3) to define the standard cost
hours for full-time accounting.
Standard cost hours are needed to calculate an effective hourly rate,
which is used for full-time accounting for government contractors.
**Processing Effect
The effective hourly rate is used for calculating and booking costs
to project and activity costing for government contractors. Actual costs
are booked to Payroll and General Ledger, while the standard cost is booked
to Project Accounting.
The difference is booked to GL as pay to actual difference.
The effective hourly rate varies from pay period to pay period for each
employee. The effective hourly rate is calculated by using the standard cost
hours in the pay period and the actual hours worked in the pay period.
For example, the annual salary is $60,000.00. The standard cost hours
for the pay period are 80 hours, yet the employee actually worked 90 hours.
Actual Pay is calculated as follows:
Annual Salary/Pay Periods = Pay period wage. (e.g., 60,000/24 = 2500).
For Payroll purposes this is always the same.
Annual Salary/Annual Hours = Hourly rate (e.g., 60,000/2080 = 28.85)
There were 80 pay period hours versus 90 hours worked
Standard Cost Hours * Hourly Rate = Full Time Accounting (e.g., 80 *
28.85 = 2308)
Full Time Accounting / Actual Hours worked = Effective Hourly Rate (e.g.
2308 / 90 = 25.64)
Government contractors need to charge a rate of 25.64 per hour to a
project for this pay period veruss traditional methods of charging a project
28.85 per hour.
Updated Files
PROTPAYPRD -
Referenced Files
PROVERTIME -
PRSYSTEM -
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