Period-end payout
The Period-end payout pays out the account’s remaining balance to payroll at the end of each period — for comp time that must be cashed out if it was not taken as time off before its deadline.
When to use
- Comp-time accounts where a balance left unused by its deadline is paid out rather than carried indefinitely.
- After a requested-payout or transfer step, so the employee’s own withdrawals and any saved amount reduce the balance first.
Parameters
| Setting | Meaning |
|---|---|
| Period length (months) | Months per period; the payout runs at each period end. Must divide the year (1, 2, 3, 4, 6 or 12). |
| Cycle start month | First month of the cycle. |
| Factor | Scales what payroll receives relative to the time paid out of the account. 1.0 pays the same; 0.6667 pays two thirds — for comp time banked at 1:1.5 and paid on an overtime wage type. The account always loses the full amount. Default 1.0. |
How it works
At each cut-off on the configured grid, the step pays out whatever positive balance remains on the account. Because a period’s fresh credit typically arrives as a cross-account transfer (which does not fold into this account’s balance during the same run), the balance paid out is the prior period’s credit minus any time off taken since — past its deadline — while the fresh credit survives to the next cut-off.