About Overtime Schedules Setup

You can use this window to enter any number of schedules for automatically adding overtime compensation to employees' pay.

To Add Overtime Schedules

1. Click the New button and type a six-character code identifying the schedule. You can also type the code and press your Tab key: The program responds by adding a new schedule.
2. Add the overtime schedule information.
3. Click Add.

How Payroll Uses Overtime Schedules

The payroll calculation uses overtime schedules to automatically apply several levels of overtime compensation. For example, a schedule can indicate that all hours worked over 40 in a 5-day period should be paid at the employee's regular hourly rate times a multiplier of 1.5, and that all hours over 60 in a week should be paid at the employee's regular hourly rate times a multiplier of 2.

• The system distributes an employee's overtime pay to the Overtime Wages Expense account associated with the employee's hourly earnings.
• You can override the overtime schedule and the overtime account to be posted for any overtime earnings when you enter a timecard for the employee.

  Note: The program calculates overtime hours only for the current period.

After Setup

• Print the Overtime Schedules report from Payroll Setup Reports.
• Assign overtime schedules to employees as appropriate.

Before deleting a schedule, changing a rate, or setting a schedule to Inactive

Before you delete a schedule, make sure it is not assigned to any employees or used by any timecards. You cannot modify or delete an overtime schedule once it has been assigned to an employee or entered on an employee's timecard.