What is a Payroll Deduction Report?
A Payroll Deduction Report is a critical document for admins using Happl, designed to streamline and manage the deductions from employees' payrolls for various benefits. This report ensures that all necessary deductions are accurately reflected in each employee's payroll, aiding in financial transparency and accountability.
Where to Find the Payroll Deduction Report
Admins can easily locate the Payroll Deduction Report within the Happl platform:
1. Navigate to the Finance Hub Section:
- This section is dedicated to all financial-related functionalities and reports.
2. Access the Reports Tab:
- Within the Finance Hub, the Reports tab is your go-to place for all reporting needs.
3. Locate the Payroll Deduction Report:
- The Payroll Deduction Report is listed here and is updated automatically every month.
How Payroll Deduction Reports Work
The Payroll Deduction Report is generated automatically by Happl, but there are a few key steps and requirements:
Set the Cut-Off Date
Admins must set a cut-off date, which is essential for the generation of the report. This cut-off date determines the closing period for the payroll calculations. Without this cut-off date, we cannot generate the report.
Monthly Generation
The report is generated once a month, specifically the day after the set cut-off date.
Changing the Cut-Off Date
If you need to change the cut-off date after it's been confirmed, please contact our support team directly. This change cannot be made within the platform.
What the Payroll Deduction Report Contains
The report includes detailed information impacting each employee’s payroll, with a particular focus on dependents:
Dependents Section:
This section contains the deduction amounts per employee, calculated based on the flattened monthly average cost of all dependents linked to that employee.
First Month: Calculations are based on the daily rate multiplied by the actual days the policy was active.
Last Month: It checks the total cost of the dependents' policies and shows the remaining difference, ensuring that any discrepancies are accounted for and adjusted.
By understanding and using the Payroll Deduction Report, admins can ensure accurate and efficient payroll management, reflecting all necessary deductions for employee benefits.
If you have any questions or require assistance, our support team is always here to help.