When an employee is terminated - have a check box that will automatically include all outstanding accrued charges paid on employee's last check. Also, to include any amounts that would have otherwise been accrued on this pay check.
For example, say an employee has $50 accrued for Vacation Pay. Then for whatever reason, that employe is terminated. On this employee's final check, say they earned $200 in wages that the Vacation accrual should be calculated on. By checking 'pay out X accrual for final pay' this would make a payment of $58 of Vacation pay (assuming they get the Canadian minimum standard of 4%) on final pay.
This helps reduce the amount of employee error in calculating final payment amounts of accrued pay.
by: Jody R. | over a year ago | Payroll
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