This user balances functionality allows administrators to define opening balances for earnings, deductions, and tax deductions for each employee within the enterprise. User balances can be defined in various units of measure such as, currency, hours, or integers. In deductions where there is a cap amount, the system will automatically stop the deduction once it has reached the defined user balance.. User Balances Functions & Features are an important module of the comprehensive ERP RFP Template for Discrete Manufacturing.
The ERP RFP template with User Balances Functions & Features for ERP is a Microsoft Excel spreadsheet (.xlsx) featuring a total of 3761 decision criteria.
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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 User Balances Functions & Features comprise the following elements:
Uses legislative balances in user-defined calculations and analysis
Legislative balances for user-defined calculations refers to payroll balances. Some balances must be met for benefits, taxation, and other company policies. For example, calculating limits on overtime or minimum hours to receive health care.
Uses legislative balances in user-defined calculations and analysis, User Balances Functions & Features
Creates extra, open balance items which can be defined by the user
A system that supports the extra user balances criterion would leave some open balance items for the user to define. For example, a company may want to know how many overtime hours were accumulated from 1 January to 15 April.
Creates extra, open balance items which can be defined by the user, User Balances Functions & Features
Calculates balances over any time period
The ability to calculate balances over any period of time would include examples such as hours worked per week, per month, per year, and since employment.
Calculates balances over any time period, User Balances Functions & Features
Balance tracking means the system has the ability to track balances over time (with the intention of comparing periods).
Track balances, User Balances Functions & Features
Online updating of account balances
The system adjusts employee account balance information (for example, accruals, arrears, contributions, or wage garnishments).
Online updating of account balances, User Balances Functions & Features
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