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What Are The Different Element Termination Rules In Payroll? |
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Answer» Actual Termination: For a nonrecurring element, select Actual Termination if you want the entries to CLOSE down at the end of the pay period in which the employee LEAVES Final Close: if you want the entries to stay OPEN beyond the employee’s LEAVING date so that you can continue to pay the employee The Last Standard PROCESS date: defaults to the last day of the pay period in which the employee is terminated, but you can set it to a later period when you terminate an employee Actual Termination: For a nonrecurring element, select Actual Termination if you want the entries to close down at the end of the pay period in which the employee leaves Final Close: if you want the entries to stay open beyond the employee’s leaving date so that you can continue to pay the employee The Last Standard Process date: defaults to the last day of the pay period in which the employee is terminated, but you can set it to a later period when you terminate an employee |
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