PeopleSoft Enterprise HCM Cumulative Feature Overview
PeopleSoft Global Payroll for Australia Cumulative Feature Overview
•Earning types are paid, taxed, stored, and managed correctly. With earnings we supply you can routinely calculate regular pay, overtime and shift earnings, calculate minimum and maximum hourly rates and earnings limits, calculate earnings based on other earnings, have earnings reduce from regular earnings, calculate rolling average earnings and create earnings deduction paybacks, select hours for holiday earnings, and schedule earnings using generation control. System also caters to the retro processing need to apply a different tax rate to retro pay for periods more than 12 months earlier than the payment date of the retro pay.
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Delivered functionality that is generic and enables you to create the deductions you require. This enables you to use the delivered functionality combined with the core functionality to control the deduction process in the Global Payroll application. You can manage all facets of deductions, from initial deduction setup through to deduction processing through payroll calculation.
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Delivered tax calculation functionality for Payee Tax Information, Tax Calculation Rates, Pay Entity Information, Tax Deduction Calculation, and the TFN Declaration Report.
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Administers payroll tax amounts based on the legislative requirements of the State Revenue Offices. This feature provides a report you can use to calculate your State Payroll Tax liability.
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Meets the requirements for superannuation by providing a number of deductions. The calculation rules associated with each deduction reflect a particular type of superannuation
deduction such as tier-based deduction or a percentage deduction based on employee contributions (matching).
•Banking process brings together payroll data, pay entity source bank data, and payee or recipient bank data. The EFT file creation process extracts data compiled by the banking process according to the type of EFT file that you are creating, merges it with data provided by the Australian country extension, and creates the file for transmission. This feature satisfies the Australian Taxation Office requirements to submit PAYG tax amounts withheld by employers by EFT.
•Templates are at the center of the payslip solution for Australia. You set up templates to create payslips that display the data that you want in the format that you want.
•Building on the Global Payroll general ledger interface, the Australian country extension enables you to link journal types to GL groupings so you can report by journal type, calculate accrued salary and leave liability, report leave liability and history, calculate state payroll tax liability, and run the GLI or QSP processes.
•Balance Group ID field performs the same function that Employee Occurrence previously performed. It enables, for example, employees to have two tax balances if they are terminated and rehired within the same financial year.
•Provided 17 Absence Entitlement elements and 14 Absence Take elements to demonstrate how Global payroll can process typical leave requirements in Australia. They cover annual leave, long service leave—including Federal Government (OGO), sick leave, and other leaves such as maternity leave, jury service, and workers compensation.
•To manage terminations we provide a termination section that comprises a single formula, 19 earnings elements and a single deduction. Between them they ensure all your legal obligations are met and give you the flexibility to make changes to suit your business practices.
•Integration of Salary Packaging with your Human Resources and Global Payroll systems enables you to enter actual expenditures against a budgeted salary package.
•End of Year processing includes:
􀂃Setting up earnings and deduction categories to control where earnings and deductions appear on the payment summary.
ô€‚ƒ“Collecting” FBT-liable earnings and manually adjusting as required. This includes reporting FBT for employees who terminate in the gap between the end of the FBT and tax years.
􀂃Generating payment summary data, creating the electronic file, printing payment summaries, and generating exception and reconciliation reports.
􀂃Separating eligible termination payment data. If the system detects Lump Sum C, Eligible Termination Payments (ETP) during the Create Payment Summary process, it stores the data separately.
•All of your reporting requirements for the local market are satisfied.
