R12 Payroll Fundamentals: Earnings and Deductions

What you will learn:

This course provides you a thorough knowledge on setting up payroll earnings and deductions in your organization. You learn about the role of definitions that Oracle Payroll uses to process earnings and deductions. You also learn about the templates and other implementation features available for earnings and deductions in your localization. The course also deals in detail with payroll balances and how you can write formulas to define payroll balances. You learn about how RetroPay works and set up of enhanced RetroPay. The course also deals with third party payments and how you can set up a deduction and third party payment. You also learn how to initiate, set up, and manage

Schedule/Purchase	Training Formats	Price	Duration
View Schedule	Instructor-Led Training	SAR 3517.5	2 Days

Audience:

Functional Implementer
End Users
Project Manager

Prerequisites:

Required Prerequisites:

Basic computing skills and understanding of Oracle Applications
Knowledge of common compensation and benefits administration practices
R12 Oracle HRMS Total Compensation Foundations

Course Objectives:

Define and administer wage attachments
Use predefined earnings types
Set up pension providers, types, and schemes
Understand the role of payroll balances, and define new balances and balance feeds
Provide knowledge of setting up payroll earnings and deductions in an organization
Define deferred compensation plans and tax sheltered annuities
Write or configure simple payroll processing formulas
Set up and use catch-up provisions
Set up union deductions and professional body membership deductions
Set up enhanced RetroPay
Run the Union Deductions report
Learn to use element design wizard
Manage Arrears
Set up third party payment methods

Course Topics:

Introduction to Earnings and Deductions

Introduction to Payroll Earnings and Deductions

Earnings and Deductions (US/Canada)

Earnings
Deductions

Element Setup for Payroll

Payroll Balances
Writing Formulas
Defining Formula Results and Processing Rules
Controlling the Frequency of Processing an Element
Advance Pay
RetroPay
Net-to-Gross, Proration, and Historic Rates
Element Design Wizard

Deductions (UK)

Pre-tax Deductions and Arrearage
Deduction Templates

Third Party Payments

Managing Third Party Payments
Wage Attachments (US and Canada)
Court Orders and Arrestments (UK)

Savings and Retirement (UK)

Setting Up Pension Providers, Types, and Schemes (UK)

Savings and Retirement (US)

Deferred Compensation Plans and Tax-sheltered Annuities
State Retirement System Plans