What is a Balance Sheet / Compensation Calculation?

A balance sheet (also known as Compensation Calculation) is a document that describes all elements of payroll compensation that an assignee will receive. Typically lists compensation in home and host country currencies by pay period and on an annual basis. Major elements include base salary, assignment allowances including one time and ongoing payments, deductions such as housing norm and hypo taxes. The result is the net assignment pay the assignee will receive.