Cash v/s Accrual setting is a new feature release which determines deductions remittance rules for companies. The underlying principle is the pay run date determining when deductions will be remitted.
Cash v/s Accrual setting is a new feature release which determines deductions remittance rules for companies. The underlying principle is the pay run date determining when deductions will be remitted.
For companies using Accrual method, the pay period end date determines when remittance will be due no matter when the payroll is actually processed.
For companies using Cash method, the date when payroll is run (i.e pay period close date) determines when the remittance is due.
24 Aug 2012