Example of Banked Overtime Paycode in Canadian Payroll

1. Here is how I have the BOT ‘banked pay code’ setup using a Paycode Applied by Units method. I also have the REG hourly income pay code attached.

2. Here is the employee ‘test2’ that I created to test with:

3. When I click the Control button on the Employee Maintenance window and I set the following:

4. Click the Paycodes tab and you will see below how I have the paycodes (REG, OT, and BOT) mapped to the employee:

5. Here are screenprints of each of these paycodes:

Hourly:  REG

Overtime code: OT

Banked Overtime: BOT

6. Now I created a batch called  13:  Make sure the batch type and pay periods per year match the employee.

7. Go into the Payroll Quick Entry – Canada window and key a 9 hour transaction for one day at a rate of 25.00 using the REG hourly income pay code.

8. Then go to Payroll Generate Overtime – Canada window and Generate Overtime for the batch:

9. Next go to the Payroll Calculate Batch – Canada window and Calculate the Payroll Batch:

10. Then go to Reports | Payroll-Canada | Transactions | Calculation Reports and click the Detail Advice Slips button and print to screen: (NOTE: The BOT banked overtime code has a 1.00 unit record at 37.50, so all of the overtime is banked)

11. Next go to Payroll Generate Cheques – Canada and click on Generate Cheques:

12. Then go to Payroll Create Poster – Canada and click to Create  Poster File:

13. Then go to Payroll Update Masters – Canada and Send Poster To G/L and Update Masters with Current Payroll Data.

14. Next, go to Cards | Payroll-Canada | Employee, pull up my TEST2 Employee ID, and then click the Banked button. In the Payroll Banked Display window, I will select ‘Overtime’ as the Banked Pay method. You should see the 1.00 unit entry against the BOT banked paycode:

Need more help?

Expand your skills
Explore Training
Get new features first
Join Microsoft Insiders

Was this information helpful?

Thank you for your feedback!

Thank you for your feedback! It sounds like it might be helpful to connect you to one of our Office support agents.

×