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Description

When adjusting prior, closed pay periods, FT360 automatically applies one of the following tax calculation methods at the Tax pay batch stage to calculate the tax that must be withheld for the adjustment period:

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In the example above the user is in the process of creating an adjustment pay batch, so the Tax Method options are displayed for selection.

Pay Enquiry Screen Changes

To provide transparency on the method that has been applied to the batch, in the Payroll > Pay Process > Pay Enquiry screen a new column labelled Tax Method has been added to the Manage Layout for the Results list. Where applied the following values display:

  • Standard - displayed if the listed pay batch was an adjustment pay batch and the standard/method Bi calculation method was used to calculate the tax in the batch

  • Method Bii - displayed if the listed pay batch was an adjustment pay batch and the method Bii calculation method was used to calculate the tax in the batch

  • N/A - displayed if the listed pay batch is not an adjustment pay batch.

Benefits

This change provides payroll administrators with greater flexibility on the tax calculation method applied in adjustment pay batches.

Configuration

No additional configuration is required to support this change. The new Tax Method options will display and default as described above where a user is creating an adjustment pay batch.

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