The purpose of the compensation (comp) accumulator is to gather compensation data from other sources and inform assignments’ primary payroll systems of that compensation. The payments made to or on behalf of employees can be imported in multiple currencies.
When it is time to report compensation to the primary payroll system, the data will be reported in the primary payroll system’s currency. The system also allows for reporting in the payment, system, company and secondary payroll system currencies as well.
The comp accumulator is designed to be a stand-alone reporting module. Only the data that is imported through the comp accumulator import will be sent to the primary payroll system as compensation data.
The compensation worksheet of the Equus Platform has shadow payroll functionality which can currently report payments that are made to an assignment’s secondary payroll system to the primary payroll system as well. This reporting is not duplicated in the comp accumulator.
The existing pay register functionality allows the primary payroll system to report all assignment compensation to the Equus Platform.
The purple portion of this compensation reporting diagram is the compensation accumulation process. The first step is importing data into the comp accumulator from one or multiple sources. Once the data is in the comp accumulator, user reports creates payroll feed to report the collection of different data from the sources. The report is then sent to the primary payroll system. A standard report has been included to help facilitate this process.