Human Resources - Year-End Update

Pgm: HRVACUPD – Year-End Update; standard Treeview path: Human Resources > Utilities > Year-End Update

This screen can be used at the end of the year to carry out several functions.

Company

Enter/select the company code.

New Year

Enter the year for which the changes are being made. Ensure that this year has not been entered before as this screen will not process the same year twice.

Profit Sharing in New Year – Checkbox

Check this box to distribute profit sharing in the new year.

Increment the Years of Service Count – Checkbox

Check this box to increase the years of service count for applicable employees by one. This box is disabled if the selection in the Update Method For Years Of Service field in the Human Resources Control screen is anything other than option 1 (standard Treeview path: Human Resources > Setup > Local Tables > Control – General tab).

Set the Basic and Carried Forward Vacation Hours – Checkbox

Check this box to update employee vacation hours. Hours may be carried forward depending on what was entered in the Vacation Update Parameters screen (standard Treeview path: Human Resources > Setup > Local Tables > Vacation Update Parameters).

Set the Pension and Deferred Compensation Flags – Checkbox

Check this box to check the ‘Pension’ and ‘Deferred Compensation’ boxes checked on the Tax tab of the Employee Profile.