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Configuring PR Earnings Codes

PR Earnings Codes are used to define the types of pay an employee can receive, such as regular, overtime, or salary. Configuring these codes correctly is for accurate payroll processing and financial reporting, as they determine how wages are posted to the general ledger and job costs.

Before you start​

  • Understanding of the company's payroll structure and general ledger accounts.

Steps​

  1. Navigate to thePR Earnings Codesform.
  2. Add a new earning code by entering a unique code and description.
  3. Assign an earnings type to the code, which will determine how wages are posted to the general ledger.
  4. Specify the JC cost type field to define the cost type when posting timecards to job costs.
  5. Review the deduction/liability tab to see which deductions and liabilities are associated with the earning code.

Notes​

  • Earning codes are correctly assigned to prevent incorrect postings to the general ledger.
  • Separate earnings types if different GL accounts are needed for different types of pay.