Employee Storage Banks Pay Out

The Employee Storage Banks Pay Out process supplies a means to marking employee(s) to have all accrual earnings storage banks balance to be paid out on the next payroll run. Only 'A'ccrual storage bank earnings can be paid out. The pay out of the earnings balance takes place when the payroll stream is run, and the balance paid out includes accrued earnings from the current pay period. The applicable storage bank table code must have a payout pay code defined at the time the payroll stream is run.

This includes a wide range of employee/function line selections and up to five sets of exclusion criteria. Both the selection criteria value and the exclusion criteria value allow the use of the wild card '?' character. The '?' character means that the element value is to be taken from the employee's applicable code to form a new selection code or a new exclusion code. For example, enter a selection salary grid with the value of SU????, means include employees where on the master function line the salary grid begins with 'SU'.

The bank payout will be omitted for a storage bank if the storage bank has both hours and earnings active and the hours have a positive balance, but the earnings have a negative balance. Pay out of negative earnings can be controlled by the 'Pay Out Negatives field on the storage bank table.

This option includes the setting, unsetting and reporting of the storage bank pay outs. Employees with valid accrual banks to be paid out will be marked with the message 'Bank Pay Out Pending'. This message will be displayed in the bank screen for Employee Changes, Employee Inquiry, Storage Bank Adjustments and Storage Bank Inquiry.

Set Pay Out/Unset Pay Out/Report Payouts 

• Enter 'R' to report all employees currently marked to have their accrual storage banks paid out.
• Enter 'U' to unset the payout setting for the selected employees.
• Enter 'S' to set the payout setting for selected employees.

Select Employee's by Code

Enter a 2-character code to define the field to use for employee/function line selection.

• Enter 'EM' to select employees based on employee number.

When employee selection is by Employee Number:

Report All or Selected Employees

When employee selection is based on any field other than employee number, you are prompted to Enter one or more of that code or value. You may Enter valid codes or any combination using the wild card '?'. The wild card is not a valid entry for numeric fields such as hours. The list of values entered will determine if an employee's function line will be selected.

Select Item for Code Exclusion # 1

• Enter one of the 2-character codes to define which field will be used for employee/function line exclusion.

Enter 'EM' to select specific employees based on employee number.

You can omit all exclusion criteria or define up to 5 different exclusion criteria sets. When multiple exclusion criteria have been defined, the employee will be excluded if the employee meets any of the exclusion definitions.

When employee exclusion is based on any field other than employee number, you are prompted to Enter one or more of that code or value. You may Enter valid codes or any combination using the wild card '?'. The list of values entered will determine if an employee's function line will be excluded.

Report Employees Terminated/On Leave/Both

Sort by Employee Number or Employee Name

• Enter 'E' to produce the report in employee number order.
• Enter 'N' to produce the report in employee name order.

The report lists the following:

• Employee number and name
• Storage bank code
• Storage bank table and description
• On-line hours and/or amount balance
• Opening hours and/or amount balance
• Pay out pay code and description
• Pay out status setting error message, if applicable