1. Home
  2. ERP
  3. Human Resources
  4. Payroll
  5. User Balances

By: Peter Poletti

Posted:

User Balances Functions & Features

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. 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

The ERP software comparison report can save you up to 90% of the time you would have otherwise spent comparing all the ERP solutions from scratch.

Download Now!

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

  • Track balances

    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

TEC Advisor can save you up to 90% of the time you would have otherwise spent figuring out on your own which ERP solution is the best for your needs.

Compare Now!
Functions and Features