Setting Up Earning Share (Pool Distributions)

Some companies periodically split a pool of earnings among employees based on the number of days each person worked — for example, a shared bonus or tips pool. TTPay calls this an “Earning Share.”

1

Create an Earning Pool Type

Where to find it: Payroll > Worksheet Pre Processing > Earning Share > Earning Pool Type

    1. On a blank line, enter a Earning Pool ID (6 digit code) and its name in Pool Details.
    2. Enter the Units (Day, Hour, Week, etc.) and the Earning to be assigned to this pool.
    3. Add the appropriate employees in the window below, and add their share value in the Assigned Pool fraction column.

 

 

2

Distribute the Earning Shares

Where to find it: Payroll > Worksheet Pre Processing > Earning Share > Earning Pool Distribution

    1. Click New to enter a new distribution.
    2. Enter the Earning Pool ID and it’s details (dates and pool amount). The Max Unit Amt is automatically calculated by default.
    3. Click Create to pull in eligible employees.
    4. In the secondary window, enter each employee’s Cycle Unit Amt. For example, this pool chose days as its units; so each number in this column will represent days.
    5. Click Recalc to update the calculated share and the employee count.
    6. Add Remarks and click Print to review, if needed.
    7. Tick Approved?.
    8. Click Transfer to choose the worksheet you want to transfer it to.