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Update Employee Annual Salary for life insurance deductions
Update Employee Annual Salary for life insurance deductions
Description of Issue
How do I update the salaries for optional life and life insurance deductions?
Context
- Enterprise ERP
- Payroll
- Deduction and Benefit Master
- Employee Deduction
- Life Insurance
- Insurance Update
Cause
Need to update Employee Annual Salary field in Employee Deductions and Employee Benefits
Resolution
- Access Payroll > Payroll Setup > Deduction and Benefit Master
- Search for the deduction code. Click on Insurance Update in the toolbar.
- Click on Define. Enter the criteria. Click Accept. Click Execute.
- Review the proof report.
- Prompt will display asking, Do you want to post these changes? Click the Yes or No option.
- Clicking Yes will post the changes, clicking No will not post the changes.
Additional Information
- The Employee Ins Amt and Employer Ins Amount fields will update with the salaries based on the Employee and Employer Factor fields.
- This applies to deduction with calc code 15, calc code 16, calc code 19, calc code 20 and calc code 24
, multiple selections available,
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