Balance Initialization

Balance Initialization
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Balance initialization is used primarily to set up balances from legacy systems in case of mid year payroll implementations. If a payroll is implemented at the beginning of a tax year, it may not require initial balances. However, if a payroll is implemented in the middle of a tax year, balance initialization is important to ensure accurate calculations and payroll reporting.

Define your Element with Primary Classification = ‘Balance Initialization’

1)      Must be `Adjustment Only'

2)      Must be a non recurring type

3)      Must be processable in a payroll run

4)      Must be ‘Last Standard Process

Should default to these when ‘Balance Initialization’ is chosen

Now create Input Values

1)      Must have a start date 01-JAN-0001

2)      Each input value must feed only one balance

              If you need to set initial values for a large number of balances you can define

              Multiple input values for a single element with each input value feeding

              different balance.

Now Define an Element Link

1)      Must have a start date 01-JAN-0001

2)      Criteria must be only Link To All Payrolls - 'Yes'

Now use your Element as an Initial Feed for the Balance you wish to upload

Navigate

Total Compensation -> Basic -> Balance

Query up the Balance you want to upload initial values for

Click on Initial Feed

Under Element Name select your Initialization Element from the list of Values

Select the Input value

Save

Now Navigate back to your Balance Initialization Element

Click on Balance Feeds and you will see that this Element will feed your balance. The Initial Upload Process with create the necessary run result for this Element to populate your balance with its Initial Balance value