Banked Hours

About

Banked Hours in PinvoiceR are similar to the RDO process (AU) in that an employee working in a week may wish to be paid a portion of their hours and "bank" the remainder and have them paid out at a later date.

The Banked Hours process in PinvoiceR allows for this to happen upon entering of hours.

How to Use

It is important that you follow the process below in both setting up Banked Hours in your system and also understand how hours are both banked, paid and invoiced for.

Setting Up Banked Hours in PinvoiceR

Before using Banked Hours you will need to add the Pay Code Item names "Banked Hours Accrued" & "Banked Hours Paid Out" - and in doing so you must use these exact words in your pay code item name - else it will not work.

Note - you can add in other info into the pay code name - eg;

• Banked Hours Accrued - Night Shift
• Banked Hours Paid Out - Night Shift

Showing Banked Hours on a payslip

If you want the banked hours to show on an employee's payslip use the Entity Editor and set the show banked hours on payslip to YES - ie on the payslips tab.

Setting Up a Pay Code with Banked Hours

In order to use Banked Hours you will need to create a pay code with banked hours (paid & accrued) in it.

Note: When you set up a pay code item for banked hours you can also set what you want the Client Charge Name for that item to be - this would be used in the example where an employee works 40 hours, they want to bank 2 and be paid 38 and you want to charge 40 normal hours. IE for the invoice to show Normal Hours (instead of Banked Hours Accrued) then you would edit the pay code item accordingly;

Banking Hours

You enter hours just as you would normally - ie from the orders screen but when using a pay code with Banked Hours in it the screen will alter to show where those hours are entered. In the following example the person worked 40 hours, is being paid 38 and banking 2 and the client will be charged 40 hours of normal time.