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By: Peter Poletti

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Earnings and Deductions Functions & Features

Earnings and deductions include all monies payable to and deducted from an employee for services rendered. Earnings may include wages, commissions, and bonuses. Deductions may include taxes, benefits, etc.. Earnings and Deductions Functions & Features are an important module of the comprehensive ERP RFP Template for Discrete Manufacturing.

The ERP RFP template with Earnings and Deductions Functions & Features for ERP is a Microsoft Excel spreadsheet (.xlsx) featuring a total of 3761 decision criteria. The ERP RFP template allows you to quickly and easily prepare the business, functional, and technical requirements sections of the solicitation package you'll send to ERP software vendors. It ensures for:

  • complete response from each ERP software vendor
  • deep and accurate evaluation of submitted ERP proposals
  • impartial side-by-side comparison of ERP solutions evaluated
  • rational and documented selection of the best matching ERP system

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The Earnings and Deductions Functions & Features comprise the following elements:

  • Earning types include hourly employee, with and without time cards

    Earning types include hourly employee, with and without time cards, Earnings and Deductions Functions & Features

  • Earning types include salaried and salaried/exempt

    Based on information in employee files, the system can establish whether the salary type is exempt or non-exempt. Earnings statements are calculated in accord with the type of salary determined. Earning types include salaried and salaried/exempt, Earnings and Deductions Functions & Features

  • Earning types include weekly, bi-weekly, semi-monthly, monthly, and special (executive) pay cycle

    Earning types include weekly, bi-weekly, semi-monthly, monthly, and special (executive) pay cycle, Earnings and Deductions Functions & Features

  • Calculates earning types based on shift eligibility, allowable employee types, etc.

    Supports employee compensation (pay) for an unlimited variety of types, such as overtime, personal leave, regular, shift differential, sick, and vacation. Rates may be applied to the number of hours worked through various calculation algorithms. Also allows shift eligibility, allowable employee types, monthly and annual cycles, and special case (user-defined) cycles to be entered. Calculates earning types based on shift eligibility, allowable employee types, etc., Earnings and Deductions Functions & Features

  • User-defined deductions (unlimited)

    Allows for both an unlimited amount and for various deduction types. Deduction examples could be federal, provincial, state, or local tax; FICA, employee-requested withholding; union dues; payments toward benefit plans; or wage garnishments. User-defined deductions (unlimited), Earnings and Deductions Functions & Features

  • User-defined codes for earning deductions

    User-defined codes for earning deductions, Earnings and Deductions Functions & Features

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Functions and Features