Contractor Payment Terms Due Date Report

Description

A new payroll report called Contractor Payment Terms Due Date is now available under Payroll > Reports to facilitate reporting on the payment due date of contractors' timesheets, where the timesheets are subject to payment terms are therefore required to be paid outside of the pay period to which they correspond.

There are two variations of the report:

• summary

• detailed

The summary version of the report displays the following data:

• the adjustment period dates for which there are interpreted timesheets that requirement payment outside of their normal pay period

• the count of payees to whom the timesheets belong

• the gross payment amount associate with those timesheets.

The detailed version of the report displays the following data:

• name and payee number of a payee for whom there is an interpreted timesheet that must be paid outside of its normal pay period

• name identifying the payment terms that apply to the timesheet

• payment terms due date of the timesheet

• timesheet ID (for more information, see Display of Timesheet ID)

• batch ID that identifies the interpreter batch in which the timesheet was processed

• timesheet start and end dates

• gross payment amount of the timesheet

• pay period in which the timesheet is to be processed

• batch ID of the pay batch in which the timesheet was paid in, if the timesheet has already been paid.

Benefits

This enhancement compliments the ability to pay contractors according to payment terms. It allows payroll staff to identify the payment due dates of contractors' timesheets so that the relevant pay batches can be run to process timesheets that will be paid out of their regular pay period due to be subject to payment terms.

Configuration

No configuration required.