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, then click on the SETUP BANK TYPES button. .png)
. SETUP BANK TYPES
DESCRIPTION: If your employees "earn" hours for personal, sick time, or vacation use, you will need to set up Payroll Bank records.
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To setup a new Bank type, click on the PAYROLL button, , then click on the SETUP BANK TYPES button. .
The following screen will appear:
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Please see the following topic for help on setting up filters in the bank types grid: Exploring Grid Filters
TO ENTER A NEW BANK TYPE:
1. Click the .png)
to add a new Bank Type bank button.
This screen will appear
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2. Enter a short Code for the new bank type that is easily recognizable. Ex: VAC for Vacation time. .png)
The code is 3 letters and can be letters or numbers or combination of the two.
3. Enter a primary Short Name (Short Name 1), and an alternate Short Name, if desired, (Short Name 2). .png)
4. Enter a description for the Code you've chosen. .png)
5. Enter a calculation type for this bank. The valid calculation types are 1, 2, 3 & 4. The description for those are as follows:.png)
CALC TYPE DESCRIPTION
1 Always adds the value entered for the title set up in PR Parameter Title #1
2 Always adds the value entered for the title set up in PR Parameter Titles #1 based on the employee's anniversary date
3 Zero's the bank's balance before adding the value entered for the title set up in PR Parameter Title #1
4 Zeros the bank's balance before adding the value entered for the title setup in PR Parameter Title #1 based on the employee's anniversary date
NOTE: If you are setting up COMP TIME, there will be no Calc Type nor associated bank code. The updating of the Comp Time bank type is done through PR Post. Don't forget to check the "Comp Time" box for this bank type in PR Post.
6. Enter an Associated Bank, if applicable. .png)
An example of this would be if you have PERSONAL time, and as part of the contract if you use 8 hours personal time, it ALSO takes away 8 hours Sick time. The computer needs to know the other bank that this Personal time is associated with. Enter the correct 3 character code in this box. (Make sure the associated bank code is already set up before you enter it here.)
7. PARAMETERS tab. (No information is needed.)
Select .png){kind=small}
after entering your information.
8. Click on the PR/PRS Parameter Titles Tab. .png){kind=small}
9. Enter a description in the Parameter 1 box. .png)
Examples are: Vac Hours, Hrs to Add, Vac Hrs, etc.
The information you enter in Parameter 1 box will show up on your Employee Information Screen for this Bank Type, as seen below.
10. If you have set a limit on the number of hours a person can accumulate for a certain bank type, you will need to enter the title "Max Hrs" in Parameter 2. On the employee's bank records, enter the maximum number of hours you are allowing them to accumulate for each appropriate bank code (in the box next to Max Hrs.)
11. If you allow your employees to carry over a set number of hours from their banks, enter the title "Rollover Hrs" in Parameter 3.
NOTE: Parameter 2 is for Calc Types 1 and 2 ONLY! Parameter 3 is for Calc Types 3 and 4 ONLY!
12. When you have entered all the information about the bank, click the SAVE button to save your record. Continue setting up or modifying Bank Types as necessary.
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